S&P Picks and Pans: Merrill, BofA, Countrywide, IR, CIT
Story date: 2008-01-11 11:56:00
Added on: 2008-01-11 16:00:21
BusinessWeek - An unconfirmed New York Times story says that Merrill could report a $15 billion write-down of its mortgage assets, which has prompted it to seek a fresh infusion of capital. We believe write-downs related to mortgage loans may total 50%-60% of ...
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