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How Merrill Lynch Traders Helped Blow Up There Own Firm

Pro Publica:

Two years before the financial crisis hit, Merrill Lynch confronted a serious problem. No one, not even the bank’s own traders, wanted to buy the supposedly safe portions of the mortgage-backed securities Merrill was creating.

Read the whole story: Pro Publica


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Posted by on Dec 28 2010. Filed under Blog. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

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