My know-it-all neighbor Derrick gets wind I'm doing a school project on Merrill Lynch. Being the expert he is, he offers to provide some insight into how things went down leading to the acquisition by Bank of America. Merrill Lynch,David Komansky,John Thain,Stanley O'neil,thundering herd,Merrill,Lynch,investing,stock … [Read more...]
What Happened To Merrill Lynch? An Old Wall Street Joke
Merrill Lynch has been around since 1914. Merrill Lynch was the brokerage firm you thought of when you imagined a Wall Street stockbroker. During the Financial Crisis in 2008 Merrill Lynch lost $51.8 billion on mortgage-backed securities as part of the subprime mortgage crisis. Because of this Merrill Lynch was sold to Bank Of America. There is an old Wall Street joke about … [Read more...]
The Student Debt Dilemma | CBSN Originals
As of 2020, about 42.9 million Americans owed a collective $1.7 trillion in outstanding student loans — a crisis that touches families across the nation, particularly in communities of color. Some lawmakers have advocated for forgiving student debt to help those struggling to make ends meet. But critics argue there’s a cost to forgiveness, and taxpayers will pay for it. This … [Read more...]