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: Securities Law Prof Blog

Bank of America Tells SEC It Made Transactions to Conceal Debt

By Securites Lawprof

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Bank of America Corp., in a letter to the SEC, admitted to making six transactions that concealed billions of dollars of debt, in order to cut the size of a unit's balance sheet and meet internal financial targets. WSJ, BofA...

Full post as published by Securities Law Prof Blog on July 11, 2010 (boomark / email).

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