Merrill Lynch's Bernstein Said Credit Crisis Is Far From Over
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Merrill Lynch chief investment strategist Richard Bernstein said the credit crisis is "far from over" and investors are "significantly underestimating both the scope and the extent of the credit bubble."
Bernstein said the problems are not confined to large institutions that were overexposed to subprime loans. He said massive consolidation in the industry is needed.
Bernstein said the problems are not confined to large institutions that were overexposed to subprime loans. He said massive consolidation in the industry is needed.
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