Seeking Alpha

Bank of America's (BAC) proposed $8.5B mortgage bond settlement receives fresh opposition from...

Bank of America's (BAC) proposed $8.5B mortgage bond settlement receives fresh opposition from New York AG Eric Schneiderman, who says the accord appears unfair to investors who may deserve to recover more. In papers filed yesterday, the AG raised questions about its "fairness and adequacy," with investors receiving only a few pennies on the dollar for losses suffered.
Comments (8)
  • joker
    , contributor
    Comments (119) | Send Message
     
    Since when an AG becomes an expert in financial valuations? If this Eric is that good to know what an adequacy is, he should quit his job and become a 'master in finance' - making billions rather than making all those nonsense.
    11 Apr 2012, 12:01 PM Reply Like
  • sses
    , contributor
    Comments (47) | Send Message
     
    Greed rules the USA.
    11 Apr 2012, 12:26 PM Reply Like
  • JaxxBat
    , contributor
    Comments (527) | Send Message
     
    Who knows what rules USA these days..
    12 Apr 2012, 12:14 AM Reply Like
  • cpmod
    , contributor
    Comments (8) | Send Message
     
    A political slut.
    11 Apr 2012, 01:25 PM Reply Like
  • cwtrojan
    , contributor
    Comment (1) | Send Message
     
    As an employee and shareholder of BofA, I would like to know what the "end game" is for all the AG's and government and all the litigation. How about just bankrupt BofA and put thousands more out of work and destroy wealth creation. I'm tired of all this BS that the investors were conned! Where do I sign up for investments that only bring me a positive return and no downside risk.
    11 Apr 2012, 01:39 PM Reply Like
  • NYCTEXASBANKER
    , contributor
    Comments (2753) | Send Message
     
    cwtrojan

     

    although i'm a democrat it seems the party needs to protect obama
    by bashing the banks and the rich. if they don't people might see how stupid they are.
    11 Apr 2012, 07:00 PM Reply Like
  • A Newell
    , contributor
    Comments (508) | Send Message
     
    If fact their very actions impede the recovery of the stock and hurt the very investors they claim to be helping!
    11 Apr 2012, 02:23 PM Reply Like
  • garysund
    , contributor
    Comments (255) | Send Message
     
    You have got to draw a line in the sand and move on. That is what happens in bankruptcy. Maybe that is what the AG wants to happen just put all of the banks out of business. But it won't happen. I am sure you will see lawsuits fot the next several years against all of the banks. They will just deal with it and continue to make money.
    11 Apr 2012, 04:29 PM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs