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Auld lang sigh

3 January 2011 By Antony Currie

The bank s shares jumped 5 pct on a $3 bln deal to buy back bad home loans from Fannie and Freddie and draw a line under the exposure. The cost is lower than outsiders worstcase scenarios and BofA s own expectations. But there s plenty of mortgage risk still on BofA s books.

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