BlueSky&Sunshine

The Bank of America Bug

I for one don't believe BAC Management is ignoring "asbestos." I suspect CFC has spent the last 6 months frantically refinancing their problem mortgages into new loans that qualify either for purchase by GSE's or FHA insurance. As mentioned above, BAC has largely avoided credit crisis thus far. At the end of the day, BAC will be the come back kid of the financial sector. I would not be surprised if today is the bottom.