Bank America, Andrew Cuomo, Kamala Harris, Eric Schneiderman and the Politics of the Mortgage Crisis

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In this issue of The Institutional Risk Analyst, IRA Vice Chairman Christopher Whalen returns to a favorite topic, namely the zombie dance queen known as Bank of America. We have been writing about the need to resolve Bank America in bankruptcy for a number of years, most recently in the article "Should the Courts Appoint an Equitable Receiver for Bank of America?," November 28, 2011.The most recent BAC earnings report does little to change our earlier views.