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MERRILL LYNCH: US Sub-Prime Gambling Debts Pa

 
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Beth-phelet
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Joined: 22 May 2006
Posts: 7403
PostPosted: Tue Aug 19, 2008 11:01 am    Post subject: MERRILL LYNCH: US Sub-Prime Gambling Debts Pa Reply with quote
Merrill Lynch has run up a $29bn loss from its collateralized debt obligations, which are backed, though not completely, by <b>subprime mortgages</b>. This debt has now been channeled through its UK subsidiary, Merrill Lynch International.

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