Re: Anybody surprised...

"Lance McLain" <lance-X3DuywwxauBWk0Htik3J/[email protected]>
Newsgroups gmane.music.dadl.ot
Message-ID <[email protected]> 
On Jan 3, 2011, at 12:07 PM, Mike Findlay wrote:

...that news of BoA settling with FannieMay/May hit this morning and their
stock went up?

http://www.nytimes.com/2011/01/03/business/03wikileaks-bank.html?_r=1&ref=todayspaper

According to Barry Ritholtz at The Big Picture that amounts to a
settlement of 1cent  on the dollar.
http://www.ritholtz.com/blog/2011/01/bofa-putbacks-freddie-mac/

So BOA settles, and the taxpayer takes a .99 cent loss on every dollar. 
Nice!
It's suprising the stock didn't go up more!

regards,
-Lance



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