Look what the main cause again ----> Oct. 24 (Bloomberg) -- Merrill Lynch & Co. reported its first quarterly loss in six years after a larger-than-forecast $7.9 billion of writedowns for subprime mortgages and asset- backed bonds, the highest reported by any Wall Street firm.
Well, woopie doo, serve them right. Merrill Lynch that is. They are nothing more than bloody money leashes that feed on anything that looks like money, whatever the package. The financial institutions in the US will ultimately lead to a stock market crash and US recession