"Settle," was Bruce Berkowitz's emailed message to Bank of America (BAC) CEO Moynihan....

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

"Settle," was Bruce Berkowitz's emailed message to Bank of America (BAC) CEO Moynihan. Berkowitz, of course, is a major shareholder in MBIA (MBI), but he also owns BofA, and with the bank well-capitalized, generating $5B cash/quarter, and possessing a book value of $20/share, it's time to put the legal issues behind it.