More on Bank of America (BAC): The company reports a $6.6B surge to $22.7B in Outstanding Claims...

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bbro Comments (7896)
 
Underreserved???...Are you assuming every claim is paid 100% on the dollar??...
18 Jul 2012, 09:37 AM Reply Like

DeepValueLover Comments (5137)
 
Agreed.

They are trying very hard to find any weak spot in Fortress BAC.
18 Jul 2012, 01:47 PM Reply Like

Tom Armistead Comments (4566)
 
The weak point of fortress BAC is the foundation. It's built on weak and shifting sand, a total lack of integrity: the company has embraced Countrywide's ethics and attempted to stonewall its way out of R&W obligations.
18 Jul 2012, 03:16 PM Reply Like

DeepValueLover Comments (5137)
 
They are attempting to defend themselves (and their shareholders) from liabilities.

How you view that depends on which side of the lawyer's table you are on.
18 Jul 2012, 07:38 PM Reply Like

Tom Armistead Comments (4566)
 
They are refusing to honor their contractual obligations.

It's real simple, it's in writing, and the courts will enforce it.
18 Jul 2012, 08:12 PM Reply Like

DeepValueLover Comments (5137)
 
...but the courts have not "enforced it" yet?

Why not?

No...BAC is doing right by their shareholders.
18 Jul 2012, 09:12 PM Reply Like

Tom Armistead Comments (4566)
 
No, BAC is doing wrong for their shareholders.
18 Jul 2012, 09:18 PM Reply Like

MexCom Comments (2836)
 
I guess any effort to improve their accuracy of needed reserves are contemptible! Much better to withhold huge amounts that will never be claimed and hold them in reserve against fake liabilities to avoid paying taxes. Sounds like something Romney would do and then ship the actual cash to Bermuda.

Will it be cracked crab or lobster Luis? "Why not have them both!"
Jolly good sir. -Trading Places
18 Jul 2012, 04:27 PM Reply Like