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"Just when you thought -- Maybe US banks were getting the FX ago risk management and the regulators to. Enough -- think if club calculating capital vote system BankAmerica and it looks that is the problem. Get old Bank of America FactSet -- claiming that dons his cap basically what's happened is in preparing their -- find the SEC's civil 10-Q document. They discovered that they been mischaracterizing. The fair value. Political structure of nights at Maryland and our lives and -- ordinances as annoying. They've sort of but just that the numbers that example -- to -- fourteen and 23 exactly and this is -- a four billion changing amount of Basel III capital that the bank four billion drop. But it. Now I have a degree of sympathy -- -- banks when it comes to how to come up with -- bounty for these things. 2007 new captain came in which says anytime you have debt annual Brooks Steve if you're in debt especially construction -- which -- to. That's southern miss your opinion nine debt then you must not back to market. But not. Made sense to some extent that it was simply getting that number right -- -- is -- -- Figuring out what that number is if it's a liberated and that's that's -- -- your time today it was a mistake the mistake was that was actually calculate it was a calculation what the -- funny moments like this this. When they get him but when the number goes up. They do it's if if for example in your latest thing to attack some legal restrictions what do we do with the well when it say about -- defense -- he. Guys down there trust that's a good thing McCain means the actual thing as well it two aboard about that I don't think. That means -- would go up because the amount of money that is spent by these guys back but will we looking and this is the rule. It's a conflict EC was meant to be -- that that's by the by pressing the issue is that BofA has not worked out properly. How to tactics at seven years off this will first came in. Five is up 56 is up the crisis. This is -- really beach it's a small amount money. But it's a pretty big east right so let's just talk about the Fed mistrust us that we had stressed that those -- sixty. -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- And has -- that's hopefuls. CEOs that Michael I think you'll of my earnings -- better than the other day. As we resigned last month I take a fair enough that it -- -- presences I just have this thought in Mexico and I think -- -- -- copy of it now BofA has proved. -- -- -- -- Thought about it -- -- as -- was cited a few weeks right that doesn't actually make the Fed looks that great -- letter -- currently connects again yeah I mean there isn't there it if you defacing that we go to relax some excellent -- them was on the other hand when it comes -- things are structured knights -- -- -- and of course of -- their earnings. Or at least not the involvement today using it to be surroundings by the beginning of the credit crisis. In his -- Hubert you'll be good yes but how yes he valuing this thing maybe we shouldn't -- too much of a hit for it but it -- make the Fed that good but it makes B of -- especially. They're pretty bad that's bad knees CIA problem and was sort of coming out with a bit -- recession suffer if he isn't China in the front back and checked but I think that they believe that there -- Bank of America we will have a breaking news for you tomorrow."^^<http://www.w3.org/2001/XMLSchema#string>
<http://www.reuters.com/video/2014/04/28/breakingviews-bofas-blunder?videoId=312747585&videoChannel=5>