Kiss Bank Of America's $8.5 Billion RMBS Settlement Goodbye?

Tyler Durden's picture

Yesterday, when sharing our latest thoughts and observations on the $8.5 billion Bank of America settlement we said, "One thing is certain: the final BAC settlement, if one even comes to fruition, will not be $8.5 billion." Once again: we may have been correct...

  • NEW YORK INVESTIGATING $8.5 BLN BANK OF NEW YORK MORTGAGE DEAL
  • NEW YORK ATTORNEY GENERAL SEEKS DATA ON BANK OF AMERICA ACCORD
  • NEW YORK PROBE IS PART OF MORTGAGE SECURITIZATION INVESTIGATION
  • NEW YORK SENDS LETTER TO GOLDMAN SACHS, BLACKROCK, ING, INVESCO

BAC stock not liking this latest development at all.