Update: BofA: Now We Know!

Central BankersSome 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.

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