russiangambit (30.00)

BOFA and others - a trillion loss?

March 08, 2011 – Comments (5) | RELATED TICKERS: BAC

Has anybody seen this? BOFA practically admitting that they expect a trillion loss on house morgages, 25% of it is on their balance sheet, the rest belongs to "other investors" (I am guessing MBS). This is what people talked about 2 years ago, the trillion of losses on housing. The time has come that they have to be recognized.  [more]