10/20/2010

Bank of America CEO Brian Moynihan sounded a bit like Winston Churchill in the darkest days of World War II during an earnings call that inevitably turned to the bank's exposure to the foreclosure crisis and investors who want the bank to repurchase mortgage assets, according to The Wall Street Journal. There are many questions to be answered before the bank puts this mess behind it, but the market appears to have already priced in the risk that confronts BofA, the newspaper notes.

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