I believe Merrill Lynch is doing the right thing. 
Selected and fresh photos from around the web.
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Editor's pick
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Georgian soldiers run near a blazing building after a Russian bombardment in Gori, 80 km (50 miles) from Tbilisi, August 9, 2008. A Russian warplane dropped a bomb on an apartment block in the Georgian town of Gori on Saturday, killing at least 5 people, a Reuters reporter said. The bomb hit the five-story building in Gori close to Georgia's embattled breakaway province of South Ossetia when Russian warplanes carried out a raid against military targets around the town.
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CARSON, CA - JULY 31: Andre Villa practices in the Moto X Freestyle during the summer X Games 14 at Home Depot Center on July 31, 2008 in Carson, California.
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A woman collects drinking water from a tube well at the flooded village of Godadhar in Faridpur July 27, 2008. Several areas in north and northeastern Bangladesh remain inundated with floodwaters after the embankments of the rivers Jamuna and Padma collapsed due to heavy rainfall earlier this week.
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LONDON - JULY 25: Reese Hoffa of United States competes in the Men's Shot Put Final during day 1 of the Norwich Union Aviva London Grand Prix at Crystal Palace Stadium on July 25, 2008 in London, England.
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Hot off the wire
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Paraguay's former President Nicanor Duarte is seen on a TV camera screen as he leaves the Congress in Asuncion, Thursday, Aug. 21, 2008. Duarte, was elected to the Senate during a general election in April but more than half of the senators boycotted his incorporation to the Congress on Thursday.
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Matamoros of Mexico's Ruben Molina (R) is congratulated by coach Juan Carlos Rodriguez on his RBI triple against Maracaibo of Venezuela during their international semifinal of Little League Baseball World Series in South Williamsport, Pennsylvania August 21, 2008.
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PARAMUS, NJ - AUGUST 21: Ben Crane plays a shot on the 4th hole during the first round of The Barclays at Ridgewood Country Club on August 21, 2008 in Paramus, New Jersey.
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Recently starred
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United States' Jeremy Wariner, front, reacts after United States' LaShawn Merritt, back, won the gold in the men's 400-meter final during the athletics competitions in the National Stadium at the Beijing 2008 Olympics in Beijing, Thursday, Aug. 21, 2008.
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NAPLES, FL - AUGUST 19: A man hold his shoes while walking home from work in street flooding from Tropical Storm Fay August 19, 2008 in Naples, Florida. Fay moved inland Tuesday after making landfall in southwest Florida, bringing soaking rains and gusty winds but failing to reach the minimal hurricane status that had been predicted.
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Tropical Storm Fay is pictured over the state of Florida in this satellite image taken on August 19, 2008. Fay, currently located inland about 30 miles east-southeast of Ft Myers on the west side of Lake Okeechobee, is expected to remain over Florida through Saturday.
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This August 20, 2008 NOAA satellite image shows Tropical Storm Fay located south of Cape Canaveral, Florida. Tropical Storm Fay was heading eastward toward Florida's Atlantic coast early August 20, with forecasters saying it will more than likely make a return trip to the waterlogged state after it finally moves offshore."This storm is going to be with us for a while. That's obvious now," Florida Governor Charlie Crist said late Tuesday."It looks like it could be a boomerang storm." Forecasters said Fay may stick around through Thursday or later. Fay on Tuesday slammed into Florida's southwest coast, buffeting the Sunshine State with severe winds and drenching rains, while also spawning tornadoes and severe flooding.
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Quotes about Merrill Lynch
Merrill Lynch was seeing the return on its early '90s branding investment in its ability to build and leverage its reputation in a broader market. It may have outspent Bear Stearns to do so, but the positive return was clear
was said
in DealBreaker
Banks like Morgan Stanley and Merrill Lynch are playing musical chairs
said Gustavo G Dolfino
in Malaysia Sun
Quotes from articles mentioning Merrill Lynch
The biggest issue for this firm, however, continues to be, ‘where will the new profits come from?’
said Richard Bove
in FOX Business
2009 estimate of profit has been lowered to $2.40 per share from $3.03 per share.
was said
in FOX Business
With an estimated 1.365 million shares outstanding it now costs close to $500 million per quarter
was said
in FOX Business
We deliberately raised more capital than we lost last year … we believe that will allow us to not have to go back to the equity market in the foreseeable future.
was said
in FOX Business
We have plenty of capital going forward, and we don’t need to come back into the equity market. The goal is to maintain our current ratings. No more capital raising; I’m sure we have enough capital.
was said
in FOX Business
