In this video, John Maxfield details the last legal problem Bank of America (NYSE:BAC) faces regarding the sale of mortgage-backed securities to private investors. We know that $700 billion of such securities were sold to hundreds of private investors, and the lawsuits they have brought against Bank of America are without precedent. While these legal woes don't help the company, John explains why they won't break the bank, either.
I write about banks, trying my best to balance the good and the bad.
- Feb 21, 2013 at 4:04PM