A judge lets a pension fund lawsuit over MBS against Bank of America (BAC) and U.S. Bancorp...


A judge lets a pension fund lawsuit over MBS against Bank of America (BAC) and U.S. Bancorp (USB) move forward. The banks are accused of failing to protect investors in their role as trustees for the securities backed by Washington Mutual.

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Comments (5)
  • gwynfryn
    , contributor
    Comments (6458) | Send Message
     
    Guilty as charged, I'd say, but will it affect prices? A drop back towards 8$ would make BAC a very attractive stock; big banks with lots of cash rarely stay down for long...
    8 Dec 2012, 05:21 AM Reply Like
  • benisha1
    , contributor
    Comments (51) | Send Message
     
    i agree with gwynfryn, thank you, it might drop south soon...
    8 Dec 2012, 12:18 PM Reply Like
  • jackooo
    , contributor
    Comments (1738) | Send Message
     
    The earth might blow up soon....
    10 Dec 2012, 01:58 PM Reply Like
  • benisha1
    , contributor
    Comments (51) | Send Message
     
    jackooo, can you explain?
    11 Dec 2012, 08:55 AM Reply Like
  • gwynfryn
    , contributor
    Comments (6458) | Send Message
     
    Hey beni; you're the psychologist! Maybe he's just been in the market too long...
    11 Dec 2012, 12:22 PM Reply Like
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