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> Richard Fuscone, former vice chairman of Merrill Lynch’s Latin America division, declared personal bankruptcy, fighting off foreclosure on two homes It's wor
by fragsworth 8y ago
> Richard Fuscone, former vice chairman of Merrill Lynch’s Latin America division, declared personal bankruptcy, fighting off foreclosure on two homes
It's worth noting (and not mentioned in the article) that this was a Chapter 11 bankruptcy, which is a reorganization of debts, and Mr. Fuscone did not actually lose everything, and probably still has a lot of equity.