Replies to post #15704 on Bank of America Corp (BAC)

[bigduke]

A very pathetic, government induced situation at best. There is however, some ray of hope.
BAC is NOT, repeat NOT legally liable for any of C/W's loan programs PRIOR to the BAC acquisition of C/W. It is in the written contract as prepared by BAC and C/W lawyers. We have seen same, and it is a matter of record.
Now then, this was obviously a emotional verdict by a jury of individuals who they themselves may have been at issue with ANY bank. This wrongful verdict is already being prepped for APPEAL by BAC as its' so obviously a wrongful decision.
Lastly, yes, temporary will affect BAC Stock, but most know the ruling is bad via legal precedent.
Finally, it will be ONLY judges ruling in the appellate process, NOT an emotional jury.

GL.

[KING_TRADER$]

Yes, a very interesting call indeed. It is no wonder our economy is in sluggish mode. Government is not working to move on. I guess the plan here is to keep the litigations ongoing. Then do another bail out to collect more interest.