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Category Archive: Merrill Lynch

  1. Wall Street Throws A Party But No Customers Show Up

    Imag­ine throw­ing a party for your best cus­tomers and none of them show up. What would you think about your future?

    Well, about a week ago at a Miami Beach asset-backed secu­ri­ties con­fer­ence, Wall Street pro­fes­sion­als invited their best insti­tu­tional bond cus­tomers to a cool South Beach party and almost no one showed up.

    Wall Street is loos­ing its rel­e­vance and becom­ing a dinosaur. Its busi­ness sim­ply can­not exist with­out cus­tomers. Unless it fun­da­men­tally reforms, and quickly, an entire gen­er­a­tion of bankers and finance pro­fes­sion­als will find that they are no longer rel­e­vant. [read full story]

    Posted in: BANKS, Credit Crisis, economy, Finance, Goldman Sachs, Merrill Lynch, Public Policy, REGULATION, Securitization