November 2, 2007

Merrill not aware of “inappropriate transactions” (Reuters)

A Merrill Lynch office building in Great Neck, New York, October 30, 2007. (Shannon Stapleton/Reuters)Reuters – Merrill Lynch & Co Inc said on
Friday it was not aware of any transactions that moved billions
of dollars of risky subprime-related assets to hedge funds to
reduce company exposure and delay write-downs.

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