State treasurer David Lemoine has negotiated a deal with Merrill Lynch, wherein the company will buy back a failed investment which would otherwise cost the state $13 million.

The deal apparently came after the intervention of Maine Attorney General Steve Rowe.

Lemoine has previously received a great deal of flack for the expected loss. I wonder if Al Diamon still wants him fired.

UPDATE: Yep, Diamon still wants him fired, and has plenty of questions about the agreement.