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Tuesday, November 30, 2010

Next from Wikileaks - one of the biggest banks

That should be interesting. Apparently tons of internal e-mails that are as damning as the ones from Enron. Remember their traders joking about cutting off power to California during a heat wave.

It's expected in January. Let's see the Republicans try to roll back financial reform and kill the Consumer Finance Protection Bureau after that comes out. Rumors say it's Bank of America because they are going to have to buy back tons of mortgages, mostly done by Countrywide, that clearly failed to meet even basic underwriting standards.

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