Talking his book at a Brookings conference, Bank of America (BAC) CEO Moynihan warns against a...

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

Talking his book at a Brookings conference, Bank of America (BAC) CEO Moynihan warns against a hasty exit for Frannie from the mortgage market. Private capital would like to get a shot at the business, he says, but it's not there yet. "(Fannie and Freddie) will be critical to the transition."