http://finance.yahoo.com/news/A-50-Billion-Claim-of-Havoc-nytimes-757308625.html?x=0&.v=1

Bank of America disclosed this loss after Merrill was acquired. At the same time, Bank of America also disclosed a $20 billion bailout by the government. The bank's stock fell by more than 60 percent in a two-week period, a market value loss of more than $50 billion.

More significantly, a lawsuit seeking about $50 billion was brought by some of the largest class-action law firms and is quietly advancing in the Federal District Court in Manhattan.

Whatever the outcome of this case, it appears that Bank of America shareholders were sacrificed in December 2008 so that the Merrill deal could be completed. The bill may now be coming due for Bank of America.

In Your Face Warren!