Write-Offs: 01.14.09

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$$$ "The U.S. government is close to committing billions in additional aid to Bank of America as the nation's largest bank by assets tries to digest its Jan. 1 acquisition of Merrill Lynch, according to people familiar with the situation." [WSJ]
$$$Shoot Bernie [Cityfile]
$$$12 private jets, a helicopter and $30m worth of art [FT Alphaville]
$$$ Madoff now traveling in bullet proof vest, as though there are people who want him dead. [Daily Intel]

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