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U.S. Saw Problems on the Way at Merrill

Date: June 10, 2009
Authors: Louise Story and Jo Becker
QUOTE: The documents provide a glimpse into the government’s role in one of the most controversial moments of the financial crisis — the hastily arranged acquisition of Merrill by Bank of America. While that deal saved Merrill and averted a financial firestorm, it left Bank of America scrambling to deal with a company whose losses were far greater than it had bargained for.

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