Merrill's Mortgage Gamblers Lose One-Quarter Of Money Firm Made In Last 36 Years: "How much of a toll has the credit crisis and subprime meltdown taken on Wall Street? Here's one example: In the past 18 months, Merrill Lynch (MER) has lost a quarter of the money it made between 1971 and 2006:
FT: Merrill Lynch’s losses in the past 18 months amount to about a quarter of the profits it has made in its 36 years as a listed company, according to Financial Times research that highlights the extent of the global banking crisis."
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