Oh No You Di-int! PutBack-Palooza Begins

This afternoon’s breaking news, linked up, just the way you like it.  I’m reserving comment…for now.

PIMCO, BlackRock, and NY Fed Ask BofA to Repurchase Mortgage Bonds (The Atlantic)

Pimco, NY Fed Notifies Countrywide of Failures (TBP)

Who Wants to Sue Bank of America?  (Dealbreaker)

and of course… Pimco, Blackrock And New York Fed Said To Seek Bank Of America Mortgage Putbacks (Zero Hedge)

Earlier this morning, I talked about who had the most to lose:

Who Cares About Put-Backs? All the Reflationistas, That’s Who.  (TRB)

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