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John
of Hope, ME
Now we're not only stuck with Lemoine, but Merrill Lynch too. What a winning team, what a good deal!report abuse
Aug 28, 2008 10:18 PM
Well, it looks like Maine will still use Merrill Lynch as an investment adviser, the very firm that put the state into this risky deal in the first place, the firm that failed to disclose the nature of the investment. At least that's what Lemoine claimed a few months after the investment went into default, when he got around to telling the Legislature about it.
Now we're not only stuck with Lemoine, but Merrill Lynch too. What a winning team, what a good deal!report abuse
Ralphieboy 123
of cumberland, ME
Aug 28, 2008 8:16 PM
And so because Merrill Lynch gave bad advice and has made good by restitution, the State of Maine reinstates Merrill's good standing? I hope not!!! The state got lucky on this one.report abuseFelix
of Brunswick, ME
2. Let's take the LOST INTEREST out of the Treasurer's Paycheck. That would be accountability.report abuse
Aug 28, 2008 5:12 PM
1. Make sure the check doesn't bounce.
2. Let's take the LOST INTEREST out of the Treasurer's Paycheck. That would be accountability.report abuse
John
of Hope, ME
Aug 28, 2008 4:54 PM
Our State Treasurer isn't very smart, but he's lucky, and I guess that counts for something. In the future, he had better read the prospectus before he makes the investment.report abuseYou must be a registered user of MaineToday.com to post a comment. Register or log in.
