In breaking news from the New York Times, Merrill Lynch is expected to write down an additional $15 billion USD in their earnings release next week. This is larger than the max expected $12 bn write-down predicted by analysts. They will also be looking to sell off its Bloomberg stake, take in a $4 bn investment.
What’s a major concern is that Merrill is accepting investments from foreign sources. The continued sell out of America at the American’s expense is quickening its pace.