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Daily Archives: July 29th, 2008

High finance

Merrill Lynch just dumped some of its more toxic assets for what looks like a purchase price of 6.7 billion, already a steep discount from their nominal value: Merrill sold the investments at a steep loss. The United States super senior asset backed-security C.D.O.’s that Merrill sold were once valued at $30.6 billion. As of […]