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Old Posted Jul 31, 2008, 5:37 PM
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Dac150 Dac150 is offline
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Join Date: Sep 2006
Location: NY/CT
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We'll I'm watching CNBC right now listening to the former CEO of UBS PaineWebber. From what is sounds like, by 2013, there might not be a Merrill Lynch. Either that or a merger with Goldman Sachs or Lehman Brothers could be in order. The point is these financial firms are not facing good weather, therefore I wouldn't be surprised if the reason for Merrill pulling out of the WTC is due to a look into the future.

They're also talking about financials going private and downsizing by 1/3 in terms of assets.

So with that I'll also make it another point to say that filling these buildings with financials and investment banks might not be the way to go in terms of solidifying lease agreements.
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