Sure, it’s been a bad year but there must be a reason why BofA is the biggest Friday faller (down 8 per cent) on the DJA and S&P.

It’s because BofA’s 10-Q reveals the bank underestimated the cost of those dastardly GSE settlements. What were the odds?

This entry was posted by John McDermott on Friday, August 5th, 2011 at 20:51 and is filed under Capital markets. Tagged with bank of america, GSes. Edit this entry.