“Mr. Blodgett (sic) is making ‘exaggerated and unwarranted claims’ which is what the SEC stated publicly when they barred him from the securities industry in 2003. The sovereign debt exposure is off by a factor of 10, the commercial real estate figures ar by a factor of 4. The mortgage analysis was provided by a hedge fund that has acknowledged if out stock price declines…”
From BofA spokesman Larry DiRita.
Snap!