Focuses on the firm’s role in Orange County’s bankruptcy. Discusses history, derivatives market, responses to bankruptcy and the future.
Merrill Lynch has suffered from the dissolution of the stock model and economic reliability of our country today. It has also lost the fluidity of economic balance due to the fact that the company has gone under in a time of crisis in which the morals and the economic stability of the country has undergone a shift in the means the standards of economic prudence and viable economic behavior are designated and defined according to specific stock controls thereof. Economic stability is due to the fact that there is no visible means or mechanism by which the stock market can be relied upon anymore. It has gone through a period gone through a period of a shift in financial conditions that faces our society today.
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