addirittura la stessa Bank of Amerika ammette come pagare a Fannie/Freddie solo 1 centesimo contro 1 dollaro sia una transazione talmente conveniente e fuori dal pianeta
da potersi considerare a tutti gli effetti una forma "assai discreta" di Bailout o se preferite di salvataggio "alla seconda" (il primo avvenne a cavallo del 2008/2009).
Zitti....Zitti....
la prima Banca Retail d'Amerika è stata nuovamente salvata(/tamponata) e può permettersi di spararsi un rimbalzone in borsa da +30% (più o meno quello che aveva perso in precedenza).
Nel WC di BofA rimangono ancora "parecchi escrementi tossici" ingorgati che faticano a scendere dallo sciacquone.....
ma se anche le prossime "grane" verranno risolte a botte da 1 centesimo contro 1 dollaro (rigorosamente a spese dei contribuenti)....la strada per BofA potrà essere solo in discesa.
Bank Of America Just Admitted That Its Fannie And Freddie Settlement Was A Bailout (BAC, FNM, FRE)
Ever since Bank of America announced its mortgage putback settlement with Fannie and Freddie on Monday the company's shares have been on a tear -- an indication that it did very well in the negotiations, which allowed it to settle for pennies on the dollar.
Obviously critics are freaking out (the critics include politicians, like Maxine Waters).
And now Bank of America has basically confirmed that the critics are correct: It was the beneficiary of a bailout.
According to Bloomberg, BofA's Jerry Dubrowski said: “Our agreements with Fannie Mae and Freddie Mac are a necessary step toward the ultimate recovery of the housing market.”
Get it? This was not about settling mortgage putback exposure at the legal level. It was about helping the greater good.
It's the same too-big-to-fail logic all over again: What's good for Bank of America is good for America.
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