From Reuters
By Christopher Whalen
''Bank of America has managed to step into the kimchee
several times over the past couple of months, an achievement that only
warms the hearts of crisis communications professionals. First came the
abortive settlement of $10 billion or so in put-back claims by some
large investors. The State of New York and anyone else paying attention
intervened. Settlement is now mostly muerto in political terms,
although the big investors are still paying the big lawyers to soldier
on in hope of forcing a settlement on all parties. Only in New York are
such things possible.''
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