And it is not clear if BofA has a clear picture of Merrill's remaining troubled assets.
Several European Banks and insurers are rumoured to be sitting on "mortgage bombs" -troubled assets linked to America's subprime mess.
We must free up the flow of credit to consumers and businesses by reducing the risk posed by troubled assets.
The Treasury Department initially proposed buying troubled assets from Banks but then reversed course and began injecting capital directly into financial institutions.
For example, negative interest rates could hurt bank profits even as many Banks are struggling with bad loans or other troubled assets.
