spirit_of_town_hall Posted July 15, 2008 Report Share Posted July 15, 2008 This morning I was chatting to senior lady who works at Merrill Lynch. To cut a long story short, she was moaning; all the senior staff are not getting paid on the last friday of this month. They normally get paid last friday of the month. The were notified last week that due to a cash short fall they will be paid sometime in August at a date not yet known. STH Link to comment Share on other sites More sharing options...
CTO Posted July 15, 2008 Report Share Posted July 15, 2008 OK - seriously - is that for real? Link to comment Share on other sites More sharing options...
spirit_of_town_hall Posted July 15, 2008 Author Report Share Posted July 15, 2008 Yes it is, just shows the extent of the crisis if there is not enough cash to pay salaries on time. STH Link to comment Share on other sites More sharing options...
chuckwoww Posted July 15, 2008 Report Share Posted July 15, 2008 A lot of MER employees own stock I believe. They've watched it drop 75% in a year. Down again today. Link to comment Share on other sites More sharing options...
jon46 Posted July 15, 2008 Report Share Posted July 15, 2008 no surprising. With the subprime mortgage mess, Merrill Lynch and Citicorp had to recapitalize with money from sovereign funds (Singapore and middle east countries) otherwise they would be bankrupted. Link to comment Share on other sites More sharing options...
chuckwoww Posted July 15, 2008 Report Share Posted July 15, 2008 Foreign investors will be picking up the pieces. They will probably wait to see who wins the election...bomb, bomb, Iran and all bets are off. Link to comment Share on other sites More sharing options...
samak Posted July 15, 2008 Report Share Posted July 15, 2008 the oil rich middle eastern muslims will take over wall street from the jews! after Obama a real muslim will be president! Link to comment Share on other sites More sharing options...
chuckwoww Posted July 15, 2008 Report Share Posted July 15, 2008 Interesting theory. I wonder where the jews will go? Link to comment Share on other sites More sharing options...
samak Posted July 15, 2008 Report Share Posted July 15, 2008 Interesting theory. I wonder where the jews will go? they will go to court! the muslim president will not be reelected for a second term. the supreme court will give back wall street to the jews after a long legal battle as they can prove that the middle eastern muslims misused the oil for a anti-semitic and anti-zionist and therefore illegal purpose! we will see another boom and doom at jewish dominated Wallstreet in the early 2020's! Link to comment Share on other sites More sharing options...
chuckwoww Posted July 15, 2008 Report Share Posted July 15, 2008 I can see it now. The Saudis will be dancing Havanagilah at their massive new synagogue in Mecca! Link to comment Share on other sites More sharing options...
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