BofA (BAC) said the costs of foreclosure delays have been "grossly distorted," but Dick Bove...

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

BofA (BAC) said the costs of foreclosure delays have been "grossly distorted," but Dick Bove isn't convinced. He thinks banks could face losses of more than $80B, not so much because of a halt in foreclosures but because of the investor and homeowner lawsuits that will almost certainly follow.