Remember people last year were so much concerned about the possible trillions or hundreds of billions of dollars mortgage settlement on BAC?
Guess what? Boom, we had the $25 bn bank martgage settlement.
The number will become just tens of billions. If you take into account that BAC has the $36 bn in reserves plus another $30 bn of cash flowing each year, those numbers are non-issue at all.
This is probably why price of BAC jumped up so much so far this year.
11 Responses to Don’t believe the hype of $25 bn bank martgage settlement