What Happened To Merrill Lynch? An Old Wall Street Joke

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Merrill Lynch has been around since 1914. Merrill Lynch was the brokerage firm you thought of when you imagined a Wall Street stockbroker.
During the Financial Crisis in 2008 Merrill Lynch lost $51.8 billion on mortgage-backed securities as part of the subprime mortgage crisis. Because of this Merrill Lynch was sold to Bank Of America.
There is an old Wall Street joke about Merrill Lynch. Sometimes it is told using other large brokerages. What lessons can you learn from this Wall Street joke and from what happened to Merrill Lynch?

Be @financially aware of the financials of any stock or any other investment before you consider investing in it.

Disclaimer: I am not a financial advisor, and nothing on this channel is meant to be financial advice. The ideas expressed on this channel are purely opinions and should not be regarded as objective information. Nothing on this channel is a recommendation to buy or sell securities. Do not assume that facts and numbers in any video are accurate. Always do your own due diligence.

Can’t Login To Merrill Edge, What Happened To Merrill Lynch? An Old Wall Street Joke.

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