Another day, another subpoena for Bank of America (BAC -1.4%): Massachusetts’ securities...

|About: Bank of America Corporation (BAC)|By:, SA News Editor
Another day, another subpoena for Bank of America (BAC -1.4%): Massachusetts’ securities regulator subpoenas the bank in connection with its involvement in loan securities that resulted in $150M in losses for investors. The state is examining whether BofA knowingly overvalued the assets in the portfolios to get the loans off its books.