Plus every one of those securities can be returned to BoA, because there's a buyback clause in the case of fraud. Not owning the wet signature note and then perjuring yourselves in the creation of no-note affadavits are classic acts of fraud.
BoA is on the hook, and they're not the only banks in dire trouble here.
“BoA is on the hook, and they’re not the only banks in dire trouble here.”
BoA will just deflect this to the ‘dead beats’ and then to the American Tax Payers and continue doing business as usual. Any way BoA has done nothing wrong that a little clearing up of the paperwork won’t fix. Any wrong doing on their part was is purely technical.