Posted on Thursday, April 23, 2009
Does it really come as a suprise to anyone that the Feds to Kenny Lewis mums the word on Merrill?
First of all most business deals involved confidentiality or non-disclosure agreements for obvious reasons.
But in this case, leaking the news would most certainly have panicked the markets (and worse yet our nation's global creditors) even more.
Those of us who have not already been doing so should probably assume that there's a lot we're not being told under the guise of national economic security - sometimes for the right reasons but other times not. That's politics for you.