BofA (BAC) has received a boost in its attempts to receive court agreement for an $8.5B...

BofA (BAC) has received a boost in its attempts to receive court agreement for an $8.5B mortgage-bond settlement with investors after an important opponent of the deal, Boston hedge fund Baupost, said it wished to "withdraw as an intervener in this proceeding." That leaves AIG as the last significant objector to the agreement.

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Comments (8)
  • bbro
    , contributor
    Comments (11216) | Send Message
    24 Jul 2012, 06:18 AM Reply Like
  • Getzeman
    , contributor
    Comments (49) | Send Message
    All Accredited Investors will eventually take the settlement -- 8 cents on the dollar. They signed a contract saying they wouldn't sue.
    24 Jul 2012, 06:35 AM Reply Like
  • DeepValueLover
    , contributor
    Comments (11164) | Send Message
    Great news!
    24 Jul 2012, 07:02 AM Reply Like
  • Josh Krause
    , contributor
    Comments (1356) | Send Message
    Steal enough money and they can't sue you because your bankruptcy would destroy the economy.


    Brilliant bankster logic. Steal, steal, steal and then hold a gun to your head when you are caught.


    Triple profits in fines and perp walks or this is just going to keep on happening.
    24 Jul 2012, 07:13 AM Reply Like
  • TARP
    , contributor
    Comments (19) | Send Message
    It's like the thief who breaks into your home, slips and sues you for damages with a tax paid lawyer who does not pay taxes. You get increased insurance payments, higher taxes, lower services and stripped of your lifetime entitlements that you paid into. Because you are a law abiding citizen who reports his earnings and pays interest on everything and are too small to fail.
    24 Jul 2012, 09:29 AM Reply Like
  • neisilva
    , contributor
    Comments (9) | Send Message
    For all the crying babies out there, in the stock market like Washington DC, "Power Rules",(Power = Money) fairness nonexistent. Try to make money now with AIG, play the game or stay out of it! It is your choice.
    24 Jul 2012, 10:03 AM Reply Like
  • bigTTT
    , contributor
    Comments (259) | Send Message
    This is great news! BAC did the country a great service by inadvertently purchasing Countywide. If countrywide had stood on it's own the situation would have been much, much worse on everyone. Including the Federal Government, homeowners, and those Idiots at AIG.
    24 Jul 2012, 10:05 AM Reply Like
  • Brian Bobbitt
    , contributor
    Comments (2083) | Send Message
    Okay, news came out at


    There are things afoot on BAC. I hope they are positive. An investor nowadays needs to be so cognizant of the goings on, it is almost impossible.


    Tonight as this article above is written, the market is still open and with the good news above should be up, stock price is at this moment 6.99. I find it very worrisome, with supposedly positive news, that BAC is not being bought big time.


    Totally sick of the way we do business, and you wonder why I rant all the time, and reco REITs and PM's




    Capt. Brian
    The Lost Navigator
    24 Jul 2012, 07:51 PM Reply Like
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