1. QUOTE from:
    Bank of America Discussed Merrill Lynch Losses in November, E-Mails Reveal
    View quote in context »
    The concern was the fact that these losses accelerated.” Merrill Lynch never withheld information from Bank of America about its worsening fourth-quarter finances, former CEO John Thain said in a Jan. 25 e-mail to Merrill employees. "We were completely transparent with Bank of America. They learned about those losses when we did" said Thain, who was ousted at Bank of America on Jan. 22. Full Article at Bloomberg.com
    We were completely transparent with Bank of America. They learned about those losses when we did
    John A. Thain – John A. Thain SOURCE: Bloomberg.com 1 month ago
All quotes from:
Bank of America Discussed Merrill Lynch Losses in November, E-Mails Reveal
  1. It wasn’t that we didn’t know about losses. The concern was the fact that these losses accelerated.
    SOURCE: Bloomberg.com 1 month ago
  2. In mid-December, the forecast losses accelerated dramatically
    SOURCE: Bloomberg.com 1 month ago
  3. The strategic wisdom of the Bank of America-Merrill Lynch deal is now obvious to everyone
    SOURCE: Bloomberg.com 1 month ago
  4. These documents and e-mails reveal the good-faith deliberations among those who understood that first.
    SOURCE: Bloomberg.com 1 month ago

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