Thain acts to dull bad credit bets
Story date: 2008-01-17 11:59:00
Added on: 2008-01-18 11:00:23
Philadelphia Inquirer - Thain acts to dull bad credit bets Subprime crisis spurs Merrill Lynch's new CEO to take $15 ... happened under former chief executive officer Stan O'Neal, whose heavy bets in mortgage securities backfired as subprime homeowners - those with poor credit ...
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