Merrill Lynch Is Sorry About Emails

from the no,-they're-sorry-they-got-caught dept

It only took Merrill Lynch 2 and a half weeks to say they were sorry over the internal emails that made it clear they knew they were recommending and hyping junk dot com stocks. If you'll remember, at first they were very defensive, saying that it was all taken out of context (though, it's tough to understand how calling a stock "a piece of crap" can be taken out of context). Now, as they realize they may have to pay fines in the range of $2 billion, they're suddenly a bit more apologetic. Of course, if they were really sorry, they would have admitted to this earlier. They're just sorry they got caught.