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this program is made possible by contributions to your pbs station from viewers like you. thank you. captioning sponsored by wpbt tom: good evening and thanks for joining us. a sharp sell-off on wall street on reports big bond investors are pressuring bank of america to buy back billions of dollars of bad mortgages. susie, the group includes pimco, blackrock, and the federal reserve bank of new york. susie: tom, investors didn t like what that could mean and dumped stocks, pushing the dow back below the 11,000 level. the dow fell 165 points, the nasdaq lost 43, and the s&p 500 was off 18. shares of bank of america dropped more than 4%, even though, this morning, it reported better-than-expected quarterly earnings. tom: at issue, b-of-a may be forced to buy back part of a $47 billion pool of mortgages that was bundled and sold by its countrywide financial unit. kathy patrick represents the institutional investors and says her clients will fight to recoup their loss ....
this program is made possible by contributions to your pbs station from viewers like you. thank you. captioning sponsored by wpbt tom: good evening and thanks for joining us. a sharp sell-off on wall street on reports big bond investors are pressuring bank of america to buy back billions of dollars of bad mortgages. susie, the group includes pimco, blackrock, and the federal reserve bank of new york. susie: tom, investors didn t like what that could mean and dumped stocks, pushing the dow back below the 11,000 level. the dow fell 165 points, the nasdaq lost 43, and the s&p 500 was off 18. shares of bank of america dropped more than 4%, even though, this morning, it reported better-than-expected quarterly earnings. tom: at issue, b-of-a may be forced to buy back part of a $47 billion pool of mortgages that was bundled and sold by its countrywide financial unit. kathy patrick represents the institutional investors and says her clients will fight to recoup their loss ....