Bank of America (BAC) stock is up just over 5% in trading so far today after positive reports from both the US government and the firm’s Merrill Lynch investment banking division. Early this morning, reports surfaced that the US government has plans in place to limit the bank’s exposure to bad sub-prime mortgages. Recently, Fannie Mae (FNMA) and Freddie Mac (FMCC) have been demanding that…
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