In today's SF Chronicle there is an article suggesting that BofA will lose $100 M in the D.E. Shaw hedge fund. I understand that banks that had made loans to Long Term Capital (sic) Limited were at risk of losing money in loan defaults, but the Chronicle article suggests that BofA is losing money thru direct investment in the hedge fund. While Glass/Steegul is under attack, I was under the impression that bank purchases of stocks was still illegal. What is going on here? Waiting for Doug's (or someone else's) answer, Doug Orr [EMAIL PROTECTED]
