Josh Brown thinks the Bank of America (BAC +3.5%) reorg isn't going to save Merrill Lynch, and...

|About: Bank of America Corporation (BAC)|By:, SA News Editor

Josh Brown thinks the Bank of America (BAC +3.5%) reorg isn't going to save Merrill Lynch, and Sallie Krawcheck "never really had a shot" to make it work: "Sallie couldn't change the fact that the brokers have no interest in peddling bank products or making referrals to other divisions... [or] change the fact that once the brand name is tarnished, there is little reason for the salesforce to stay."