2008-04-01financialweek.com

'The latter’s parent recently posted a $1.2 billion fourth-quarter loss. Merrill is expected to write down anywhere from $4.5 billion to $6 billion from exposure to mortgage-related securities and counterparties such as troubled bond insurers during the first quarter, adding to the more than $20 billion of CDOs it has already written down since the beginning of the subprime crisis.'


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