"There's politics all over this:" Bank of America's (BAC) settlement of claims with Fannie Mae...

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

"There's politics all over this:" Bank of America's (BAC) settlement of claims with Fannie Mae (FNMA.OB) and Freddie Mac (FMCC.OB) for $0.49 and $0.01 on the dollar, respectively. "My biggest complaint about the GSEs post government takeover," Barry Ritholtz writes, "is that they have been used as a back door bailout of the banks. This latest deal reconfirms that view."