Merrill Lynch (NYSE:MER) Roars on after Settling Class Action

Merrill Lynch is not really sorry about misleading investors in the last boom. They recently settled 23 class action lawsuits at an estimated cost of $164 million. That sounds big until several days latter they announce a $6 billion share buy back of their own stock. The $164 million is nothing more than a speeding ticket. Sell side research;
Nothing more than a throw away even when it was misleading.