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Archive Home > 2008 > July > 30 > A deal at Merrill Lynch puts the spotlight on others

A deal at Merrill Lynch puts the spotlight on others

By Louise Story / The Bulletin
July 30, 2008

NEW YORK — Somehow, $4.4 billion just evaporated at Merrill Lynch.

Less than two weeks ago, Merrill Lynch valued the toxic mortgage investments on its books at $11.1 billion. Now, it is selling those investments for $6.7 billion — and financing most of the purchase to....

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