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BoA hit with $16 Billion penalty for MBS dealings
Posted on 8/21/14 at 8:23 am
Posted on 8/21/14 at 8:23 am
Posted on 8/21/14 at 8:33 am to LSU0358
"pay around $9 billion in cash and the rest in assistance to struggling homeowners."
yeah...that's makes a lot of sense..the 'crime' was misleading investors who bought the bad mortgages, so the give 9b to the borrowers who created them
![](https://images.tigerdroppings.com/Images/Icons/Iconrotflmao.gif)
yeah...that's makes a lot of sense..the 'crime' was misleading investors who bought the bad mortgages, so the give 9b to the borrowers who created them
![](https://images.tigerdroppings.com/Images/Icons/Iconrotflmao.gif)
Posted on 8/21/14 at 8:51 am to LSU0358
BAC up over 1% this morning on the news.
Posted on 8/21/14 at 9:00 am to LSURussian
quote:
BAC up over 1% this morning on the news.
yep...I sold BAC and bought wells fargo in May...BAC up 4.5%, WFC up 2.5% since my smart move
dang it
I still think WFC the better company and buy though
Posted on 8/21/14 at 9:26 am to Ole War Skule
quote:Warren Buffet agrees with you.
I still think WFC the better company and buy though
Posted on 8/21/14 at 10:21 am to LSURussian
quote:
I still think WFC the better company and buy though
Warren Buffet agrees with yo
big deal, the real question is whether LSURussian agrees with me
![](https://images.tigerdroppings.com/Images/Icons/IconLOL.gif)
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