Bernny the Clown gave a speech at 10.15 ET about how good the job FED had been doing, no trader wants to be caught with their pans down. Just covering their position.
BoA been firing, selling assets and cook their books(change of accounting) so they are making money on surface. The bottom line is they still have a obligation of at least 45 B, and there is no way out without file some kind of bankruptcy!
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