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Message: BofA mortgage buy backs could top $62 bln

Future is not looking good for BofA:

http://www.reuters.com/article/2011/08/10/bankofamerica-repurchases-idUSN1E7790QX20110810?feedType=RSS&feedName=marketsNews&rpc=43

BofA repurchases could exceed $25.7 bln of reserves

* Analysts projects higher claims from GSEs

* Private investor claims could total $44.1 bln

I think that this trouble Bank could test all time low this year, hopefully will not go to chapter 11, as Lehman Brothers did in 2008, also some other Banks are not looking good like SocGen and Unicredit, lot of troubles for Banks...

GLTA

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