Whalen has finally gone off the deep end. Maybe he is trying to scare up some cheap shares, with an emphasis on scare. He does know about the “New BAC” plan; the plan to restructure the bank in the most efficient way possible. So if BAC moves its derivative from MER over to BofA it must be because it is going broke even though that is how all the other banks have it structured; including JPM- the so called greatest bank in the history of the universe. Whalen is a liar. A fat lying lier.