BTIG analyst Mark Palmer stated in a recent research note that he has "heard variations on a theory that
However, Palmer thinks that would take until mid-2013.
Palmer doesn't think so. Rather, he believes Bank of America will eventually settle the case for $2-3 billion--a view that is the key to his recommendation of MBIA shares.Still, Bank of America has already allowed the case to drag on much farther than Palmer would have expected. "We have struggled to understand
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