Merrill Lynch Swat Team Formed
Posted by Jason on 05/23 | 08:08 AM
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To take down the high-risk and most toxic parts of their derivatives portfolio, Merrill Lynch is forming a financial SWAT team of sorts.
Taking a page from the elite Special Weapons And Tactics units at police departments across the country, Merrill Lynch is forming a specialized unit internally to rid the firm of further risk from their still shaky portfolio of CDO's and other asset-backed securities.
Merrill Lynch appointed 17-year veteran of the firm, Doug Mallach and tasked him with the responsibility of forming a team to go after the evil that lurks from within.
Taking a page from the elite Special Weapons And Tactics units at police departments across the country, Merrill Lynch is forming a specialized unit internally to rid the firm of further risk from their still shaky portfolio of CDO's and other asset-backed securities.
Merrill Lynch appointed 17-year veteran of the firm, Doug Mallach and tasked him with the responsibility of forming a team to go after the evil that lurks from within.
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