Pareene · 12/05/07 01:40PM
Andrew Cuomo, gradually moving up in the world from "not his father" to "not Eliot Spitzer", has subpoenaed Merrill Lynch, Morgan Stanley, Bear Stearns, Lehman Brothers and Deutsche Bank in his crusading subprime mortgage investigation. And now Merrill Lynch is predicting "an almost unremittingly gloomy forecast for the US economy next year." It's all your fault, deadbeat consumers! You made them lend to you! [NYT, Telegraph]