FedUpUSA

Goodbye Bank Of America Settlement

 

Oops:

  • FDIC OBJECTS TO BANK OF AMERICA MORTGAGE-BOND ACCORD
  • THE REASON FOR THE OBJECTION IS THAT THE FDIC DOES NOT HAVE ENOUGH
    INFORMATION TO EVALUATE THE SETTLEMENT

Time to sell the other half of that China Constricution Bank stake… And Merrill… and Countrywide (goodluck), and pretty much anything else that is not nailed down. But don’t worry: it’s a liquidity, not a capital issue, or something. In other news, the Buffett “Eureka alert” is on BathCon 1.

Full FDIC objection attached:

 

bofaMBC–fdicpetition

ZeroHedge

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