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Merrill Lynch Wall Street Bull

Merrill Lynch Losses Were Withheld Before Bank of America Deal

As if we didn’t already distrust Wall Street, we continue to see headlines like this from the New York Times… By GRETCHEN MORGENSON | New York Times Days before Bank of America shareholders approved the bank’s $50 billion purchase of Merrill Lynch in December 2008, top bank executives were advised that losses at the investment firm would most likely hammer the combined [...]

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