Thursday, September 04, 2008

Not surprising:

At Businessweek we learn:
There are fresh signs that financial firms won't find it so easy to replenish the capital on their balance sheets. Merrill Lynch & Co. (MER) has hit a snag in its talks to sell a significant portion of its bad loans to Korea Asset Management Corp. due to disagreement over price, the Korean firm's CEO told Bloomberg News
How about that, trouble selling "bad loans" to someone else. What did they expect, big demand?


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