In the video below, Fool financial analysts Matt Koppenheffer and David Hanson discuss over $2 trillion worth of loans sold by Bank of America (NYSE: BAC) and its "legacy companies" to Fannie Mae and Freddy Mac between 2004 and 2008. Many BAC investors are eagerly awaiting the day when the legal battles over who is ultimately liable for these loans are finally behind Bank of America, but could this be something that drags on for years to come?
Matt gives us his perspective on just how much longer we can expect these struggles for B of A to last.
Bank of America's stock doubled in 2012. Is there more yet to come? With significant challenges still ahead, it's critical to have a solid understanding of this megabank before adding it to your portfolio. In The Motley Fool's premium research report on B of A, analysts Anand Chokkavelu, CFA, and Matt Koppenheffer, Financials bureau chief, lift the veil on the bank's operations, including detailing three reasons to buy and three reasons to sell. Click here now to claim your copy.