Saturday, October 6, 2007

Merrill Lynch burned by mortgages (The Salt Lake Tribune)

NEW YORK - Merrill Lynch, an icon of Wall Street, felt the suffering of Main Street on Friday. Merrill invested heavily in bonds backed by home loans, a market that exploded in size in the last two years, but when that market went sour this summer, it hurt Merrill and its

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[Source: Yahoo! News Search Results for mortgages]

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