Bank Of America CEO Brian Moynihan -- New Comments On The Foreclosure Moratorium (VIDEO)

From earlier this afternoon.  Runs 1 minute.  Moynihan is being careful.  Banks are praying for a quick resolution and they have the backing of Geithner and Obama.  Meanwhile, the implications of this scandal for the banks grow ever more frightening.

Read the latest from David Faber:

• 'Mortgage Loan Pools' Latest Thing Looming Over Big Banks

Felix Salmon first raised this issue yesterday.  This is another huge avenue of potential liability for the banks.  Stay tuned.

Comments

[DailyBail]

Bank stocks slide on foreclosure fears

Wells Fargo, Bank of America, Citi shares hurt by widening scandal

http://www.marketwatch.com/story/mortgage-jitters-hit-bank-stocks-2010-10-14?dist=afterbell

[DailyBail]

Are Title Companies BACKDATING Changes In Requirements?

http://market-ticker.org/akcs-www?post=169040

[DailyBail]

Bank bonds fall on foreclosure uncertainty

Bank of America, J.P. Morgan in the crossfire

http://www.marketwatch.com/story/bank-bonds-selling-off-on-foreclosure-halts-2010-10-14-1141130

Finally, the market is waking up...

[Smack MacDougal]

I get the whole "show me the note", but those who have defaulted on their mortgages and who pull that because they want to keep their houses for nothing -- the essence of greed -- are filthy-minded, corrupted humans.

[Z]

The last time they wanted the paperwork to disappear, they pulled building seven.

[Cheyenne]

Smack--

What's worse, greed or greed + fraud? The former is your strawman homeowner. The latter is your real-time bank.

As for Moynihan, the only news item here is that he's more unctuous and revolting than Ken Lewis.

[S. Gompers]

Seek the strawman...

[Z]

Moynihan looks bored, not the sign of a guy worried about this speed bump.

[Cheyenne]

'Seek the strawman."

No need for that, Messrs. Obama and Geithner have their kneepads on so they can digest as much Wall Street spunk as is humanly possible. It's actually getting gross to live here.

[Z]

DB...

What's with all the homophobic remarks on your site lately?