its fiscal house back in order. but now those federal officials are warning about enforcement action if bank does not strengthen its balance sheet and soon. elizabeth macdonald is from the fox business network. secret is not a word you hear about very often in banking, elizabeth. yeah. this is what s called a memorandum of understanding between the federal reserve, the office of controller of the currency and bank of america. it should be pointed out that more than a thousand banks and thrifts are operating under this so-called memorandum of understanding, jon, and what that means is bank regulators are still trying to tighten the leash on banks because they re worried about future problems in the banking sector. bank of america s asset size, jon, has it about the size of france. so, you know, it s a pretty big balance sheet. bank of america is not commenting on this wall street journal story. it is, essentially, moving to clean up its balance sheet. it s, basically, shed over $100