Decius wrote:

If you have any doubt that Bank of America is in trouble, this development should settle it.

If BofA fails, its going to be a major economic event.

Following this guy's blog is like drinking from the firehose but he has great insights:

http://market-ticker.org

He's been raging at BOFA for a while on these shenanigans.

RE: Bank of America Deathwatch: Moves Risky Derivatives from Holding Company to Taxpayer-Backstopped Depository « naked capitalism