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Finance

Wrong to lynch Merrill Lynch over real estate investment trusts

Dear Mr. Berko: In the past nine months, my mother's income
account lost more than $31,000 in mortgage real estate investment trusts that
her broker at Merrill Lynch put in her account. She doesn't know anything about
the market, and about nine months ago, those REITs began to crumble. I'd like
to know how this disaster happened and what caused this collapse. I think that
broker should have known better and should have taken an early loss, saving my

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