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  •  BOA in Hand-to-Hand Combat with Investors (2+ / 0-)
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    Uberbah, ImpeachKingBushII

    Bank of America in `Hand-to-Hand Combat' Over Mortgage Disputes, CEO Says

    Bank of America Corp. Chief Executive Officer Brian T. Moynihan said resolving investor demands for refunds over faulty mortgages is a battle that will last at least several more quarters.

    "It’s a day-to-day, hand-to-hand combat," Moynihan said today during an investor conference held by the lender in New York. "It’s manageable in the context of who we are, but we’re not going to spend your money unwisely."

    ...

    http://www.bloomberg.com/...

    When elephants are fighting, best not to get closely involved because even your allies can squish you flat.  

    Repeal the Decriminalization of Naked Credit Default Swaps (Bucket Shops) http://www.marketskeptics.com/2010/06/bucket-shops.html

    by Into The Woods on Tue Nov 16, 2010 at 05:29:39 PM PST

    [ Parent ]

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