Some time ago we discussed Bank of America purchasing Merrill Lynch, and the question on the table was whether BofA had gotten a bargain or a headache. Today we know they got a headache, and they were encouraged to acquire that headache by the federal government, according to today’s Market Place Morning Report, where they mention the logic behind BofA also receiving an addition $20 billion. Is this the extent of ML’s exposure? Well that we still don’t know.