perhaps, but maybe not...there is no tolling when it comes to FRAUD...that's a criminal matter (not just punitively civil); so, unless his agreement with all the parties includes protection from criminal complaint, he's probably more than likely on the phone with his counsel as we write.
"For BofA though the jury’s guilty finding may be worse than a big fine. That’s because it may open it up to a whole new slew of lawsuits where investors will use the guilty verdict as the basis for its potential claims."
Because now that they have been found guilty of FRAUD, that 800 million is only the tip of the iceberg...FNMA and Freddie are suing for 6 billion, and there are lots of parties lined up behind Fannie and Freddie who are suing (including shareholders). So, don't take the 800million potential liability as the only liability....there's a lot more piled up and ready to pounce now.
50 billion potentially (the snowball effect)...and that's just for BAC...poor JPM and C too (but not really "poor"...what goes around comes around, eventually, I suppose)
this could open up Pandora's box (possibly some $50 billion liability) for BAC...
as an aside, Jaime must be pacing the floors pretty fast, too.
possibly, no, probably true, but you need to quantify it and show it is grabbing fresh share. Go ahead.
This is a guy posting on a public board without identifying himself and making all sorts of claims, and you expect him to answer you with creditble, supportable answers to such questions? Boy, are you naivbe.
Sure, we believe you: you say you've been in the business for over 20 years and you say BAC is writing a huge amount of new purchase loans -- sure, we believe you; Sure you add that Merill doing great business and, sure, we b elieve you: Why should we believe you who post on a public board, don't identify yourself fully, and you who expect us to simply take you at your word without ANY supportive documentation? LOL...sure, we believe you (NOT) because you have done NOTHING to change ANYTHING since the financial meltdown of 2007/08...but, hey, sure...we believe you.