Bank of America Corp (BAC): Bernanke Looking at Foreclosure Processe...

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Re: Capinvest63 post# 6659

Monday, 10/25/2010 11:32:14 AM

Monday, October 25, 2010 11:32:14 AM

Bernanke Looking at Foreclosure Processes' Role in Housing Market Meltdown

"We are looking intensively at the firms' policies, procedures and internal controls related to foreclosures and seeking to determine whether systematic weaknesses are leading to improper foreclosures," Bernanke said. "We take violation of proper procedures seriously," he added.

Source: http://www.foxnews.com/politics/2010/10/25/bernanke-looking-foreclosure-processes-role-housing-market-meltdown/

Sell, imho.

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