Full disclosure: UR DOIN IT WRONG

From Reuters: _Merrill to sell $8.5 bln stock after big write-down_.

Also from Reuters: Merrill Lynch CEO John Thain insists that no, Merrills won’t need to raise any more capital.

This, by the way, is ML’s sixth batch of writedowns.

In other news: wow, did little ol’ National Australia Bank force Merrills to take billions of dollars of writedowns?

And here’s an LOLCEO for you!