Merrill Lynch's Culture of Fear Led to Strangling Tangle
fear, risk, Hush Hush Tangle, culture Guest User fear, risk, Hush Hush Tangle, culture Guest User

Merrill Lynch's Culture of Fear Led to Strangling Tangle

In today's New York's Times, Gretchen Morgenson recounts the rise and fall of Merrill Lynch. I read the article and said to myself, eureka, this is a Hush-Hush Tangle! According to my definition, a Hush Hush Tangle occurs when critical information is not shared, and lines of communication are cut off. Everyone knows that there is a problem but no one talks about it. It becomes a tangle because human dynamics are further complicated by a very complex business challenge. Complexity doesn't do justice to the complicated nature of collateralized debt obligations (CDO's). CDO's are a financial product group comprised of derivatives. Merrill Lynch became enchanted with this product and it led to the company's precipitous fall.

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