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Merrill posts $4.9 billion loss, Sells All of Bloomberg
news.yahoo.com — Merrill Lynch & Co posted a much larger-than-expected $4.89 billion quarterly loss on Thursday after writing down soured debt, and unveiled plans to sell billions of dollars of assets -- including a part of its lucrative brokerage business -- to shore up
zaibatsu- 141 diggs
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- markaussie, on 07/23/2008, -0/+4America is Bankrupt
- craighoxton, on 07/24/2008, -0/+2This is the smallest violin in the world playing for all the Merrill Lynch bankers...
- thingamajig, on 07/24/2008, -0/+2Bear Stearns
Fannie Mae
Freddy Mac
IndyMac
Wachovia
Merrill Lynch
Ron Paul saw this coming but hey Obama's bringing "change" right guys?- aflaks, on 07/24/2008, -0/+1Merrill isnt or Wachovia arnt in the same boat as Bear, Fannie or Freddy. They are like citibank, wounded but on solid footing in terms of long term health. They will continue to dump outside interests (such as bloomberg) and will, in time, recover.
Mortgage houses such as Fannie and Freddy, heh, well gl there.
- aflaks, on 07/24/2008, -0/+1Merrill isnt or Wachovia arnt in the same boat as Bear, Fannie or Freddy. They are like citibank, wounded but on solid footing in terms of long term health. They will continue to dump outside interests (such as bloomberg) and will, in time, recover.
- aflaks, on 07/24/2008, -0/+2we arnt bottom yet
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