I am appearing on CNBC at 12:20 to discuss last week’s Merrill Lynch/John Thain Write Down Capital Raise.
Click for video . . .
Here is Thain’s response on CNBC; He is a bit more circumspect, and acknowledges the unknowns.
(its only “kinda weasely):
UPDATE: August 4th, 2008 12:25pm
Not bad, but a little off my game. Forgot to mention risking investors confidence may make it harder to raise the next round when needed.
Must still be a bit woozy from all the travel and Scotch this weekend . . .
Airtime: Mon. Aug. 4 2008 | :22:0 08 ET
Merrill CEO John Thain has been under fire lately for his handling of the bank’s financial situation, with Barry Ritholtz, Fusion IQ CEO