% | $
Quotes you view appear here for quick access.

Bank of America Corporation Message Board

  • sm081969 sm081969 Aug 5, 2011 6:00 PM Flag

    Does BAC know how much liability?

    BAC keeps increasing estimates of losses from mortgage mess - Do they really know how much is the potential liability? If they do, obviously they can't reveal it because that will crash the stock. Or it that in a desire to put all this behind, they were engaging to settle but investors and government officials sensing weakness so they are asking for more. May be BAC should have fought this in courts for years, as Moynihan said on CC not long ago. In a game that involves tens of billions of dollars, it's never a good idea to appear weak - you offer a finger, they want hand; if you offer a hand, they want the whole arm,.. That's exactly what's going on. Moynihan lost credibility and I wonder if he is the right person with steely resolve and toughness to be able to handle this tough job.

    Why don't they lobby Congress and Obama to make Fannie May/Freddie Mack and State AGs to back off?

    I wonder I should sell and cut my losses and run or wait for it to bounce and then get out. But I don't see any good news on the horizon - does anybody else see any good news.

    SortNewest  |  Oldest  |  Most Replied Expand all replies
17.81+0.38(+2.18%)Dec 1 4:00 PMEST