http://www.aleablog.com/merrill-lost-1531-billion-in-q4-bofa/ Alea Jacta Est Mon, 12 Jul 2010 20:04:31 +0000 hourly 1 http://wordpress.org/?v=3.0 http://www.aleablog.com/merrill-lost-1531-billion-in-q4-bofa/#comment-2329 nmw Fri, 16 Jan 2009 19:59:57 +0000 http://www.aleablog.com/?p=2328#comment-2329 Merrill LOST $15.31 billion (and more) in 2004-2007. Merrill/BoA REPORTED the losses in Q4. Why is this important? Because a lot of people got paid in between, and the lag between getting paid and the associated performance is so long that it provides incentive to allocate capital in horribly inefficient ways. Merrill LOST $15.31 billion (and more) in 2004-2007. Merrill/BoA REPORTED the losses in Q4. Why is this important? Because a lot of people got paid in between, and the lag between getting paid and the associated performance is so long that it provides incentive to allocate capital in horribly inefficient ways.

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