Merrill Lynch Lost $15.31 Billion In Fourth Quarter, Bank Of America Says

[ASusilovic]

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

 

[stock_trad3r]

bfft all else fails get a bailout. problem fixed.

BAC up a buck...nice

 

[libertad]

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 ?

 

[stock_trad3r]

Quote from libertad:

No...The US taxpayers lost over $15 billion in the 4th quarter....



"Don't tell the taxpayers".......

wrong. last time I checked taxes haven't gone up one penny since GW Bush's original tax cuts 2001.

 

[Cdntrader]

Quote from ASusilovic:

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

not reflected? ROFL what a joke. So basically the US taxpayer just paid MER shareholders for a worthless company?

 

[cvds16]

Quote from stock_trad3r:

wrong. last time I checked taxes haven't gone up one penny since GW Bush's original tax cuts 2001.

no debt has gone up, moron !

 

[talknet]

Quote from libertad:

No...The US taxpayers lost over $15 billion in the 4th quarter....

The taxpayers own but do not own MER....

"Don't tell the taxpayers".......

Tanker oil spreads....with the bailout money....and generate some bonuses...

Taxpayers ? What taxpayers ?

Is $1 Trillion bail-out "big ponzi"?

http://elitetrader.com/vb/showthread.php?s=&threadid=150849

 

[DataCruncher]

Quote from ASusilovic:

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

my god. remember the good old days when MER only had $8 billion writedowns and everyone was shocked at that?

 

[nailer225]

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.

 

[stock_trad3r]

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.