Relevant:
- BofA Mortgage Repurchase Requests Total $11.1 Billion
- BofA $8.5 Billion Mortgage Securities Accord to Be Reviewed by U.S. Court
- AFL-CIO Guy Blasts Treasury On Foreclosuregate; Bank Valuations, TARP, Systemic Risk
- BofA's Moynihan `Surprised' by New York Fed Loan Putback Demand
- BofA sued by shareholder over $10 billion AIG loss
2010-07-10 — go.com
"Bank of America Corp is beefing up its internal accounting controls after it incorrectly classified as much as $10.7 billion in short-term lending and repurchase deals for mortgage securities as sales, according to a letter filed on Friday with U.S. securities regulators."
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Comments:
catherine at 01:49 2010-07-12 said:
ahhhhhhh right.............and we are to believe them now because...........why????? and I love the part where they say that 10.7 billion didn't affect any balance sheets.............OMG..........it's getting ready to get real bumpy, strap in.............. Permalinkadd a comment | go to forum thread
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