Skip to main content

View Diary: Closely-Watched Court Decision Breaks Bad for Wall St. Has A Day of Reckoning Arrived? (154 comments)

Comment Preferences

  •  Good. These cases belong in civil court. (2+ / 0-)
    Recommended by:
    cynndara, FG
    Analysts such as MKM Partners analyst Harry Fong expect Bank of America to eventually settle with MBIA for $3 billion, but Fong argues the real elephant is the courtroom is the June 2011 $8.5 billion settlement agreement between Bank of America and several large institutions, including PIMCO, BlackRock (BLK_), MetLife (MET_), Goldman Sachs (GS_) and the Federal Reserve Bank of New York.

    Bank of America (really Countrywide) is close to settlement.  Putbacks from the GSE's continue as well.

    "The way to see by faith is to shut the eye of reason." - Thomas Paine

    by shrike on Wed Feb 06, 2013 at 05:12:52 AM PST

Subscribe or Donate to support Daily Kos.

Click here for the mobile view of the site