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Layoffs Watch '09: MER

Part 1 of BAC's 2-step plan to "really do some damage" is underway. Cuts are said to be going down circa now in compliance on the ML legacy side. Next week they'll (maybe) do the same for the BoA counterparts, and then, having liberated themselves from the oppressive tyranny of c-pliance, Bank of Amerillwide will be free to soar to heights not seen since 2007.