Repurchasing bond packages

Hat tip Atrios for the link to Bloomberg for another link to add to this chain of title in the
Bloomberg news

Pacific Investment Management Co., BlackRock Inc. and the Federal Reserve Bank of New York are seeking to force Bank of America Corp. to repurchase soured mortgages packaged into $47 billion of bonds by its Countrywide Financial Corp. unit, people familiar with the matter said.

and Cedric Regula for this news.

Update: Of course, go out to do family things and news pops up…New fronts in foreclosure crisis at Naked Capitalism.