Merrill Lynch Slammed by Report It Delayed Mortgage Losses
A Wall Street Journal report that claims Merrill Lynch used hedge fund dealings to delay subprime losses has hit the brokerage hard. The story claims Merrill Lynch has been trying to sell off as much as $5 billion in mortgage-related securities to hedge funds in recent weeks as a means to postpone write-downs. The story [&hellip
The post Merrill Lynch Slammed by Report It Delayed Mortgage Losses first appeared on The Truth About Mortgage.