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Wednesday, April 16, 2008

WSJ: Merrill to Report up to $8 Billion in new Write Downs

by Calculated Risk on 4/16/2008 01:20:00 AM

From the WSJ: Merrill Upped Ante as Boom In Mortgage Bonds Fizzled On Thursday

Merrill will report $6 billion to $8 billion in new write-downs, according to a person familiar with the matter. The latest would bring its total since October to more than $30 billion ...
$30 billion here, $30 billion there ... it really is starting to add up.