The mortgage mess wasn’t on his watch. But the Merrill boss boxed himself into a corner on asset sales, was Clintonesque on raising capital, and blew a hole in the firm's culture hiring Thomas Montag. Any future problems at the Thundering Herd fall squarely on Thain’s shoulders.Sign up to read the rest of this subscriber-only content, or if you are already a member please sign in here.
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