An old solution to new Basel rules? Ahead of new capital requirements, Bank of America (BAC) is...

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

An old solution to new Basel rules? Ahead of new capital requirements, Bank of America (BAC) is looking at re-remics - re-securitizing real estate mortgage-investment conduits - to upgrade billions in distressed bonds. It's part of banks doing anything they can to avoid issuing stock, but the technique is part of what broke the asset-finance market in the first place.