The Charlotte, N.C. bank noted that preliminary Merrill Lynch results indicate a fourth-quarter loss of $15.31 billion; the Merrill results weren't reflected in B. of A.'s quarterly numbers. http://www.marketwatch.com/News/Story/Story.aspx?guid={6F0B3B65-E944-4E47-BCEE-4FC48455790C} There is no reason for Merrill to exist anymore
No...The US taxpayers lost over $15 billion in the 4th quarter.... .................................................................. The taxpayers own but do not own MER.... MER retail could easily be replaced with a few well thought out internet pages.... "Don't tell the taxpayers"....... ................................................................. MER should just take TARP and do the MS deal.... Tanker oil spreads....with the bailout money....and generate some bonuses... Taxpayers ? What taxpayers ?
not reflected? ROFL what a joke. So basically the US taxpayer just paid MER shareholders for a worthless company?
my god. remember the good old days when MER only had $8 billion writedowns and everyone was shocked at that?
And to think, it was just over a month ago that John Thain was trying to convince directors that a bonus of at least $10 million was not unreasonable.
It's free money. Deficits don't matter. Foreigners are buying up our treasuries like mad. China uses trade surplus to buy US treasury bonds which have zero yield.