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Friday, January 11, 2008

$15 Billion Write Down for Merrill?

by Calculated Risk on 1/11/2008 12:52:00 AM

From the NY Times: Giant Write-Down Is Seen for Merrill

Merrill Lynch is expected to suffer $15 billion in losses stemming from soured mortgage investments, almost double its original estimate, prompting the firm to raise additional capital from an outside investor.
The whisper number just keeps getting bigger. Merrill reports next week.