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The Latest UPS Headlines
Retired UPS employee files $4M suit
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<blockquote data-quote="quietquilter" data-source="post: 839240" data-attributes="member: 35059"><p>I dont knowif you have it right, but yes he used his stock to hypo with, and if he listened to others had NO intention of ever paying his loan back. He probably planned to use his dividends to pay his interest due on his hypo till death to us part. Alot of management used this method. Merrill Lynch as well as Morgan Stanley who took on alot of UPS folks in this position spent hours trying to talk to you about reducing your loans and your overweighted positions. This person would never have found themselves in this position if they had followed the basic principles of moral living. You borrow you pay back, and you still have a very very nice portfolio. Greed will always win against you....always. No way this person didnt understand his position as the lawsuit states. This person is upset because in the course of greed, and market conditions he lost alot of stock to reduce his hypo. If had done right long before this, he would still have the stock he lost. Now he wants someone else to return him to his previous monetary amount......disgusting. I hope Merrill Lynch fights this all the way</p></blockquote><p></p>
[QUOTE="quietquilter, post: 839240, member: 35059"] I dont knowif you have it right, but yes he used his stock to hypo with, and if he listened to others had NO intention of ever paying his loan back. He probably planned to use his dividends to pay his interest due on his hypo till death to us part. Alot of management used this method. Merrill Lynch as well as Morgan Stanley who took on alot of UPS folks in this position spent hours trying to talk to you about reducing your loans and your overweighted positions. This person would never have found themselves in this position if they had followed the basic principles of moral living. You borrow you pay back, and you still have a very very nice portfolio. Greed will always win against you....always. No way this person didnt understand his position as the lawsuit states. This person is upset because in the course of greed, and market conditions he lost alot of stock to reduce his hypo. If had done right long before this, he would still have the stock he lost. Now he wants someone else to return him to his previous monetary amount......disgusting. I hope Merrill Lynch fights this all the way [/QUOTE]
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Retired UPS employee files $4M suit
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