dagblog - Comments for "WHISTLEBLOWN TO EXPOSE BANK OF AMERICA"

Bank of America settles loan

artappraiser — Tue, 04 Jan 2011 03:55:07 +0000

In reply to WHISTLEBLOWN TO EXPOSE BANK OF AMERICA

Bank of America settles loan dispute with Fannie Mae, Freddie Mac

By David S. Hilzenrath
Washington Post Staff Writer
Monday, January 3, 2011; 7:13 PM

Fannie Mae and Freddie Mac, the financial giants whose failed mortgage investments made them wards of the government, have accepted $2.8 billion from Bank of America to largely put to rest claims that the bank sold them faulty loans.

The cost to Bank of America was less than the potential blow some investors had expected, and the bank's stock rose 6.4 percent on the news Monday.

For Bank of America, the settlements eliminate "a doomsday scenario," said analyst Paul Miller of FBR Capital Markets.

"This is a gift" from the government to the bank, said Christopher Whalen of Institutional Risk Analytics. "We're all paying for this because it will show up in the losses from Fannie and Freddie," he said.

The deal with Fannie Mae is not airtight; it leaves open the possibility that Fannie could pursue additional claims against Bank of America. In contrast, the settlement with Freddie Mac essentially closes the book on pending and potential claims....

Facing WikiLeaks Threat, Bank of America Plays Defense

By NELSON D. SCHWARTZ,
New York Times
January 2, 2011

Since WikiLeaks threatened to “take down” a major American bank, Bank of America has been hunting for signs that its systems have been compromised.

All these guys ready to sell

Richard Day — Wed, 22 Dec 2010 23:12:03 +0000

In reply to Richard, this really does

All these guys ready to sell short now. geeeeeeeeeeeeeeeeeeeeez

No I get your point, for sure. But Seaton agreed that corporate whistleblowing trumps military whistleblowing every fricking time.

Oh I wish to see these new leaks that were supposed to come yesterday.

I want these peeps in prison.

Not very Christian of me, but i would like to see the principals in prison.

"sucks" or possibly even

cmaukonen — Wed, 22 Dec 2010 19:23:34 +0000

In reply to Richard, this really does

"sucks" or possibly even "blows". ?? They cannot have it both ways. I vacuum sucks and a bag of hot air blows and you cannot have a bag of hot air in a vacuum.

I don't know about you, I hit

Oxy Mora — Wed, 22 Dec 2010 18:28:24 +0000

In reply to I don't get it. You have a

I don't know about you, I hit reply and got misdirected. Are you doing funny things to my computer again? As for HP, even Fineman is going down hill. He passed off the word "Obamacare" in one of his posts as if it were non-perjorative. Damned journalists.

Bove is one of those analysts

Oxy Mora — Wed, 22 Dec 2010 18:21:16 +0000

In reply to I just did BOA search for

Bove is one of those analysts who can really move a stock. I translate, "there could be some legal problems but they'll pay the fines and move on", the disclaimers in the prospecti having served their purpose.

Does this climate now sound exactly like the Bush years?

I don't get it. You have a

we are stardust — Wed, 22 Dec 2010 17:47:49 +0000

In reply to WHISTLEBLOWN TO EXPOSE BANK OF AMERICA

I don't get it. You have a huffpo link? Is it an April Fools thing?

didn't take it that way

artappraiser — Wed, 22 Dec 2010 17:34:46 +0000

In reply to Artsy, didn't mean to say

didn't take it that way

I just did BOA search for

artappraiser — Wed, 22 Dec 2010 17:33:48 +0000

In reply to Right. juju. Most likely some

I just did BOA search for google news/business and there's definitely juju being passed around that the wikileaks threat is all sound and no fury. Like this for one example, citing Dick Bove

http://www.cnbc.com/id/40781392

Thanks. We could let our

Oxy Mora — Wed, 22 Dec 2010 17:31:37 +0000

In reply to That's probably related to

Thanks. We could let our imaginations run wild on the possibilities.

Artsy, didn't mean to say

Oxy Mora — Wed, 22 Dec 2010 17:28:56 +0000

In reply to Richard, this really does

Artsy, didn't mean to say that your reference was a hoax.