HK wrote in
:

Several other massive financial organizations are on a sharp downward
slide.


"Merrill Lynch takes heavy 2Q write-downs; Sells stake in Bloomberg for
$4.4B

NEW YORK (AP) -- Merrill Lynch & Co. on Thursday reported a $4.9 billion
loss amid massive write-downs from soured mortgage positions and other
risky investments, and unveiled plans to raise money by unloading assets.

The world's largest brokerage posted its fourth straight quarterly loss as
it struggles to shore up a balance sheet battered by the global credit
crisis. Merrill Lynch took $9.4 billion of charges and write-downs from
mortgage-backed securities, unprofitable hedge positions, and residential
mortgage exposure."

http://biz.yahoo.com/ap/080717/earns_merrill_lynch.html

The depression begins....in spite of the stock market tinkering the last
few days.

Let the public hangings begin.....Drag them out of their mansions and hang
them in the street for the other ones to see....

Isn't it amazing how they can simply make mountains of money vanish without
a trace?