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Reuters: Bank of America obtains aid for Merrill deal

Started by dave, January 16, 2009, 06:59:11 AM

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dave

Bank of America obtains aid for Merrill deal
      


WASHINGTON (Reuters) - Bank of America Corp will receive $20 billion in fresh government cash and a federal backstop against $118 billion of bad assets to help the bank absorb Merrill Lynch &amp; Co, U.S. officials said on Friday.<div class="feedflare">
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