Breaking Story: Merrill Lynch Buyback II
Melissa Lee has more on the unfolding Merrill Lynchstory, with details on its offer to buy back $12B auction rate securities from over 30,000 of its clients, and the ramifications on other Wall Street firms.
Got something to to say? Send us an e-mail at firstname.lastname@example.org and your comment might be posted on the Rapid Recap. If you'd prefer to make a comment but not have it published on our website send those e-mails to email@example.com.
On Aug 7, 2008, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders; Macke Owns (MSFT) (DIS) (COST) (WMT), Adami Owns (AGU) (BTU) (GS) (C) (INTC) (MSFT) (NUE), Finerman's Firm Owns (ANF) Call Spread, Finerman's Firm And Finerman Own (KALU) (C) Leaps, Finerman Owns (GS), Finerman's Firm Owns (JCP) (MSFT), Finerman's Firm Is Short (IYR) (IJR) (SPY) (MDY) (IWM) (COF) (SPG) (KIM) (XLR), Terranova Owns (INTC) (GOOG) (BNI) (XLF) (IYT) (YHOO) (VLO) (RIMM) (SA) (SU) (KOL) (CME) (FCX), Terranova Is Chief Alternatives Strategist Of Phoenix Investment Partners, Ltd. Terranova Is Co-Portfolio Manager Of The Phoenix Diversifier PHOLIO, Phoenix Investment Partners Owns More Than 1% Of (ABD) (ARE) (BRE) (CNTY) (CLB) (OFC) (DLR) (ESS) (EXR) (FL) (IAT) (IGE) (LNET) (MAC) (OIIM) (PSPT) (DBC) (DBV) (SLB) (SKT) (BLV), Phoenix Diversifier PHOLIO Owns (IGE) (DBC) (DBV), Sandler O'Neill Advised Clients In Deals Involving (BAC) (JPM), Sandler O'Neill Recvd. Inv. Bank. Comp. From (BAC) (C) In Past 12 Mos, Sandler O'Neill Expects To Receive or Seek Inv. Bank. Comp. From (BAC) (JPM) (C) In Next 3 Mos. (BAC) (C) (JPM) (MER), (MS) Are Clients Of Sandler O'Neill. Sandler O'Neill Was A Manager Or Co-Manager Of A Public Offering for (C) In Past 12 Mos. Sandler O'Neill Has Received Non-Inv. Bank. Comp. From (C) (JPM) (MER) (LEH) (BAC), (GS) Is A Non-Inv. Bank. Client Of Sandler O'Neill, Harte has disclosed for (BAC) (C) (GS) (JPM) (LEH) (MER) (MS), Jon Najarian Is Long (COF) Put Spreads, Jon Najarian Is Long (MRVL) Call Spreads, Jon Najarian Has No Position In (VIX)