"Is Bank of America preparing for Chapter 11?" Chris Whalen asks after analyzing its shift of...

"Is Bank of America preparing for Chapter 11?" Chris Whalen asks after analyzing its shift of Merrill Lynch derivative exposure to its bank unit. Earlier moves by Fannie Mae (OTCQB:FNMA) to take a chunk of loans out of BAC, integrating parts of Merrill into the bank units earlier this year, and now the wholesale shift of derivatives "all suggest a larger agenda," he says.