Yen Advances as Merrill Lynch Reports $7.9 Billion Writedowns
Story date: 2007-10-24 04:57:00
Added on: 2007-10-24 22:48:11
Bloomberg - Merrill's third-quarter writedown, for subprime mortgages and asset-backed bonds, exceeded the $5 billion announced earlier ... of two hedge funds managed by the company sparked a collapse of the subprime mortgage market, forcing investors to reverse ...
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