This will help Merrill and all other big houses, but will hurt the market.
One it means the ripped off now know they are not going to get out of their massive losses, they all will have to go into massive defensive posture.
The public at large will see the Street is Boss Thief, and can get away with murder.
Confidence in the Street cleaning up its act will rightfully decline sharply.
This decision also will have a negative impact on Pension Funds that have been litigating to get their losses back.
Wonder of wonders, Wall Street has pulled off one the greatest premeditated,carefully calculated scams in history, and in all its rank fetid corruption is walking off virtually unscathed.
Ami surprised? Not in the least.
He played his video game night and day.
The MAZE of Death.
But that is the game we all are in, the trick, don't believe it.Get above it all and imagine nothing is what it seems.Kill the machine.otraque