iOS app Android app More

How Merrill Lynch Traders Helped Blow Up Their Own Firm

Merrill Bank Of

First Posted: 12/22/10 04:52 PM ET Updated: 05/25/11 07:20 PM ET

Pro Publica:

Two years before the financial crisis hit, Merrill Lynch confronted a serious problem. No one, not even the bank's own traders, wanted to buy the supposedly safe portions of the mortgage-backed securities Merrill was creating.

Read the whole story: Pro Publica

Subscribe to the HuffPost Money newsletter!
Filed by Nicole Hardesty  |