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Oh Shit!Merrill Lynch is about to.....


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I would really only worry if you're an associate banker. Those are the guys that cost Merrill the most money, some as much as 500-700k per year easily and probably more. The new CEO has been cleaning house to cut costs. During the last round of firings friends of mine and guys I've worked with over there were fired. They happened to be bankers. Combined net worth of millions. These were guys and women with Ivy League degrees and million dollar mortgages, out on the street. Shame.

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