Merrill Lynch: Credit Crisis`Far From Over’

Aug. 13 (Bloomberg) — The credit crisis is “broad, deep, and global” and “far from over” for financial companies even after they reported $500 billion in writedowns and credit losses, Merrill Lynch & Co.’s chief investment strategist said.“Investors are significantly underestimating both the scope and the extent of the credit bubble and the consequences of [...] continue reading world news