Merrill Lynch (MER) -3.6%. BofA predicts a $3.5B Q2 writedown, and a $1/share loss (down from...


Merrill Lynch (MER) -3.6%. BofA predicts a $3.5B Q2 writedown, and a $1/share loss (down from +$0.21). Analysts are concerned by the mortgage and CDO exposure of it and other major I-banks. GS -2.8%. MS -2.6%. LEH -2.9%.

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