Rinse, Lather, Repeat

Rinse. Lather. Repeat. (Big Picture-Barry Ritholtz)

Excellent writeup on the Merrill Lynch situation by Mr. Ritholtz.

A brief review of recent Merrill CEO statements:
1. We don't need capital;
2. We could use some capital, but we won't sell shares, we'll just sell some assets;
3. We need to sell shares and raise capital right away;

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