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ProPublica knows a little something about infographics. (hint: understatement)
 
Bank of America withheld information about Merrill Lynch’s billion-dollar losses before they acquired the floundering firm in 2008, according to court documents filed yesterday. (http://propub.ca/MsEyzQ)

So how did they lose so much money? As we explained, Merrill's losses were largely fueled by buying risky pieces of their own collections of mortgage bonds; in effect, creating fake demand. The graphic below gives you a snapshot of the deals.

For more details, read the full story: http://propub.ca/MrRiXn
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