Merrill writes down $8.7bn of bad home loans | We Buy Houses | Sell Houses Fast | Stop Foreclosure |Buy|Sell|Home|House|Property|Homes|Fast|Quick|Easy

Merrill writes down $8.7bn of bad home loans

MERRILL Lynch reported its first loss in six years after writing down $US7.9 billion ($8.7 billion) of bad bets on risky subprime mortgages and related securities.
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