ZeroHedge cuts through BofA's (BAC) "accountant fudge heaven" in its Q1s, which is apparently...

|About: Bank of America Corporation (BAC)|By:, SA News Editor

ZeroHedge cuts through BofA's (BAC) "accountant fudge heaven" in its Q1s, which is apparently bamboozling even analysts, to declare that only three things matter: 1) The approaching refi cliff, in terms of tens of billions in maturities; 2) sliding sales and trading revenues; 3) reserve release gimmicks. Shares are -0.3% after being higher earlier.