Poorly timed ad for Merrill Lynch

No amount of advertising can repair the damage for some financial institutions.

In this week’s The Economist magazine, the powerful cover image (left) shows the cyclone sucking up brand names like Fannie Mae, AIG, Morgan Stanley, Washington Mutual, Lehman Brothers and … Merill Lynch.

But the bull got sucked into the swirl by another means. Its full page ad inside (probably scheduled and printed before the news stories were laid out) ran with this copy:

“Merrill Lynch connects capital to opportunity…”Our 94-year history of leadership in the financial industry has been a source of confidence for our clients in both good and challenging markets.”

Tweets, shock and awe from Wall Street

With news and commentary on the financial crisis in the US, there’s no such thing as a slow news day. Or slow news week/month. Not this week for sure, with a hurricane (the storm, not the Alaskan governor) and a financial crisis.

For those who can wait, there’s pointed analysis in The Wall Street Journal which is quite a feat, considering the tight deadlines it would have had for getting these stories together.

But for those who can’t, The Economist is using Twitter as is the WSJ tweet with headlines, and links to stories of the crisis as it plays out.