==quote== The thing that many people still don't understand about securitizations is that it was not just overtly profitable for the sponsors. There also was a hidden profit in many deals that were not disclosed, a profit that is now become The reason I went to all the effort to requote excerpts from Whalen's missive is because of a Bloomberg article this morning putting a positive spin on BAC's acquisition of Merrill that was titeld “Merrill Bringing Down Lewis Gives

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