Mike the Usurper wrote:

Merrill Lynch is expected to suffer $15 billion in losses stemming from soured mortgage investments, almost double its original estimate, prompting the firm to raise additional capital from an outside investor.

That's Billion, with a B. 1-800-RUN.

Great. No problem. They can start reclaiming their share of the $38B in bonuses that Wall Street paid out in 2006 to pad their P&L.

RE: Giant Write-Down Is Seen for Merrill - New York Times