Here is the synopsis of our sample research paper on Merrill Lynch's New Deal. Have the paper e-mailed to you 24/7/365.
Essay / Research Paper Abstract
This 4 page paper looks at Merrill Lynch's involvement in the California government long after the 1994 scandal that plunged Orange County into bankruptcy. Is it ethical for the state of California to do business with the likes of Merrill Lynch? The answer is "yes." Bibliography lists 3 sources.
Page Count:
4 pages (~225 words per page)
File: RT13_SA412ML.rtf
Buy This Term Paper »
Unformatted sample text from the term paper:
great deal of effort and emphasis on the public sector. There is in fact much money to be made from it. Still, there are scandals there too. In fact, scandals
seem to be more numerous in the public sector when private enterprise becomes involved. Everyone recalls the $600 toilet seat story that 60 Minutes broke. A more recent and difficult
scandal--but one that is really in the past--is the problems Merrill Lynch once endured. Merrill played a "central role" in Orange Countys 1994 bankruptcy (Evans, 2004). Merrill Lynch had
indeed played a large role in Orange Countys 1994 bankruptcy and now has the responsibility of financing Californias unprecedented debt (Evans, 2004). In many ways that is a surprise.
The company that seemed no California government would want to touch has become a central player in the latest attempt to save California. Merrill Lynch is second among banks
which are selling long term bonds in the state of California (2004). It also assisted with the 2003 $11 billion in respect to state borrowing in addition to an earlier
deal which helped the Los Angeles Unified School District (2004). Of course, Merrill Lynch came a long way as it had suffered from a poor reputation during the early
part of the last decade. There were scandals to come from the deals they made in the mid-1990s when they bailed Orange County out (2004). Merrill Lynch had paid a
great deal in terms of legal settlements for its position in the investments that effectively collapsed and cost local taxpayers more than $1.7 billion (2004). Today, people are divided
in terms of the companys reputation; some say to stay away while others contend that all is forgiven (2004). An important question is how Merrill made the comeback. Why
...