Comments on: On a very dark day, BofA’s dim ray of hope http://blogs.reuters.com/alison-frankel/2011/08/09/on-a-very-dark-day-bofas-dim-ray-of-hope/ On the Case Thu, 09 May 2013 12:20:13 +0000 hourly 1 http://wordpress.org/?v=3.4.2 By: AAAcreditrating http://blogs.reuters.com/alison-frankel/2011/08/09/on-a-very-dark-day-bofas-dim-ray-of-hope/#comment-23 AAAcreditrating Wed, 10 Aug 2011 19:57:08 +0000 http://blogs.reuters.com/alison-frankel/?p=166#comment-23 Moynihan disclosed today that he won't rule out a Chapter 11 of Countrywide.... Honestly, I think he should go ahead with investigating this option. Bank of America cannot afford these news of billion dollar litigations in the current business environment. Bank of America is the most capitalised bank in the world with $125 billion dollars cash on it's balance sheet... Bank of America helped the government stabilising the financial system by taking over Countrywide in 2008 - yet, the government majority owned entities AIG, Freddie Mac and Fannie Mae are increasingly putting pressure on Bank of America...that ain't right! Moynihan disclosed today that he won’t rule out a Chapter 11 of Countrywide….

Honestly, I think he should go ahead with investigating this option.
Bank of America cannot afford these news of billion dollar litigations in the current business environment. Bank of America is the most capitalised bank in the world with $125 billion dollars cash on it’s balance sheet…

Bank of America helped the government stabilising the financial system by taking over Countrywide in 2008 – yet, the government majority owned entities AIG, Freddie Mac and Fannie Mae are increasingly putting pressure on Bank of America…that ain’t right!

]]> By: Laster http://blogs.reuters.com/alison-frankel/2011/08/09/on-a-very-dark-day-bofas-dim-ray-of-hope/#comment-22 Laster Wed, 10 Aug 2011 04:39:16 +0000 http://blogs.reuters.com/alison-frankel/?p=166#comment-22 Alison, Thank you, That was a good read. Alison, Thank you, That was a good read.

]]> By: AAAcreditrating http://blogs.reuters.com/alison-frankel/2011/08/09/on-a-very-dark-day-bofas-dim-ray-of-hope/#comment-21 AAAcreditrating Tue, 09 Aug 2011 21:31:08 +0000 http://blogs.reuters.com/alison-frankel/?p=166#comment-21 AIG is clearly the least credible firm on Wall Street to put forth such a fraud suit. We all know that AIG held and insured mortgage backed securities in a way that put it $200 billion in the negative... My five cents tells me that we are talking about a settlement worth around $200-400 million. There is a serious question about which motives AIG got vis-a-vis Pimco and other investors. AIG cannot be honored from being bitter over its losses from credit default swaps. AIG is clearly the least credible firm on Wall Street to put forth such a fraud suit.

We all know that AIG held and insured mortgage backed securities in a way that put it $200 billion in the negative…

My five cents tells me that we are talking about a settlement worth around $200-400 million. There is a serious question about which motives AIG got vis-a-vis Pimco and other investors. AIG cannot be honored from being bitter over its losses from credit default swaps.

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