Found about 63 opinions about Merrill Lynch.
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1.
Judge Sotomayor's Securities Law Opinions
(29 May 2009)
My RA has found eleven Second Circuit opinions authored by Judge Sotomayor dealing with securities issues. Here is the list of the cases and a very brief description of the issue:
Securities Investor Protection Corp v. BDO Seidman, LLP, 222 F. 3d 63, (2nd Cir. 2000)
Discussed the "fraud on the regulatory process" theory as it pertains to reliance
U.S. v. Falcone, 257 F.3d 226 (2nd Cir. 2001)
Addressed the misappropriation theory in regards to insider trading
In re NYSE Specialists Securities Lit...
2.
Bank of America Forced to Buy Merill Lynch???
(01 May 2009)
In a letter, outlining findings from an investigation into the bailouts, sent to the Congessional Financial, Banking and Oversight Commitee Leaders, as well as the SEC Chair; New York Attorney General, Andrew Cuomo, states that threats made by Federal Reserve Chairman Ben Bernanke and Treasury Secretary Hank Paulson forced the Bank of America merger with Merill Lynch to happen. How could something like this happen? Is this their "free market" at work? Should they be prosecuted?
Bank of America M...
3.
Hank Paulson Admits He Never Really Understood How Mortgage-Backed Securities...
(25 May 2009)
http://business.theatlantic.com/200..._securities.php
May 25 2009, 9:05 am by Derek Thompson
Hank Paulson Admits He Doesn't Understand Mortgage Securities
This Quote: , from Newsweek's piece on former Treasury Secretary Hank Paulson, strikes me as a bombshell:
Paulson--by his own admission--was not paying much attention to the way banks were slicing and dicing mortgages and selling them as complex securities. "I didn't understand the retail market; I just wasn't close to it," he told NEWSWEEK.
I...
4.
Dollar Is Dirt, Treasuries Are Toast, AAA Is Gone: Mark Gilbert
(22 May 2009)
Commentary by Mark Gilbert
May 21 (Bloomberg) -- The odds on the dollar, Treasury bonds and the U.S. governments AAA grade all heading for the dumpster are shortening.
While currency forecasting is a mugs game and bond yields cant quite decide whether to dive toward deflation or surge in anticipation of inflation, every time I think about that credit rating, I hear what Agent Smith in the Matrix movies called the sound of inevitability.
Several policy missteps suggest that investors shoul...
5.
Tea Party Protester Visited by Joint Terrorism Task Force of
(27 May 2009)
Tea Party Protester Visited by Joint Terrorism Task Force of the FBI
By Online Wednesday, May 27, 2009
- TEA Party Patriots
Beginning in earnest in September of 2008 I began a campaign of letter writing to elected United States Representatives, Senators, and the White House under both President Bush and now President Obama.
The tone of my correspondence has been that of a citizen who is fed up with the government for spending money we do not have, at a time when we are experiencing economic defl...
6.
Tea Party Protester Visited by Joint Terrorism Task Force of the FBI
(31 May 2009)
http://teapartypatriots.ning.com/gro...ter-visited-by
Quote: : Beginning in earnest in September of 2008 I began a campaign of letter writing to elected United States Representatives, Senators, and the White House under both President Bush and now President Obama. The tone of my correspondence has been that of a citizen who is fed up with the government for spending money we do not have, at a time when we are experiencing economic deflation, and taking control of private business, where I believ...
7.
(untitled)
(13 Jun 2009)
In a press release Ron Paul writes Audit the Fed Bill Reaches Crucial Benchmark (http://www.house.gov/apps/list/press/tx14_paul/audit.shtml).
Washington, D.C. - Congressman Ron Paul's Federal Reserve Transparency Act, HR 1207, has reached and surpassed the level of 218 cosponsors in the House of Representatives, which means it is now cosponsored by a majority of the members.
The 218th cosponsor was Dennis Kucinich (OH-10), and the bill has since received its 222nd cosponsor.
The tremendous gras...
8.
The Storm Clouds Are Gathering
(18 Jun 2009)
I'm almost certain that the last few months have been totally irrational and the next leg down is coming soon. There has been a constant barrage of Green Shooting over the HPC bow in the past couple of months, but the bigger economic picture is still dire IMO.
Lets take stock of the current situation. Here are some examples (HPC threads over the past 7 days) of the bigger picture for the Bulls to think about:
General Economic Conditions
Don't Bank On A British Recovery - Forbes - British economy...
9.
A realistic discussion about the financial crisis and how to deal with it...
(25 May 2009)
A discussion with: Bill Bradley, Niall Ferguson, Paul Krugman, Nouriel Roubini, George Soros, Robin Wells, with Jeff Madrick as moderator.
http://www.nybooks.com/articles/22756
<snip>
Jeff Madrick: It was six months ago now that the Lehman debacle occurred, that AIG was rescued, that Bank of America bought Merrill Lynch; it was about six months ago that the TARP funds started being distributed. The economy was doing fairly poorly in much of 2008, and then fell off a cliff in the last quart...
10.
Analysts are venal beyond belief- can't find article
(26 Apr 2009)
Analysts are venal beyond belief
New York Times
By GRETCHEN MORGENSON
Documents disclosed as part of yesterday's settlement show how Wall Street firms, in pursuit of investment banking fees, put the interests of their individual clients dead last.
As an analyst at Lehman Brothers told an institutional investor in an e-mail message, "well, ratings and price targets are fairly meaningless anyway," later adding, "but, yes, the `little guy' who isn't smart about the nuances may get misled, such is t...