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Notes to myself, possibly of interest to others.
-- Bill Northlich

Thursday, July 17, 2008

Merrill Lynch in trouble too

"So, Merrill (MER) sells its stake in Bloomberg ... why would Merrill sell its stake at a low level? Because it had to. ...it has three times equity in Level III assets and can't sell them. This is horrible news IMO. It tells me the company will probably spin off the brokerage unit next. Then get absorbed by someone else. It has no way out. Like many, many others."
... Bennett Sadacca, Minyanville, 7/17/08

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