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mk · 4815 days ago · link · · parent · post: BofA shifts all its CDO losses onto an FDIC (taxpayer) insured subsidiary
Point taken. But a couple of questions I have are:
1) Why would BoA move their high quality rather than low quality derivatives to Merril?
2) Who decides on their quality, and can their opinion be trusted?
3) If they are high-quality now, will they become low-quality soon? For example, do they have EU debt crisis exposure?
4) What does this Bill Black know that led him to this conclusion?
5) How can we find out any of this information? Based on BoA's past behavior, you kind of have to assume the worst.