Luckily, a community fostered fix seems pretty simple too -- XDA user RyanZA has already created a patch to modify write permissions on affected devices -- though Galaxy S III users are reporting that the fix cripples the phone's camera app.

ENGADGET: Security exploit opens Samsung Galaxy S III, Note II to attack, could let apps from Google Play write to Kernel

While the bank is working hard to modify the legacy loans with existing customers to avoid such huge write-offs in the future, it is definitely an uphill battle making us more cautious on our estimates.

FORBES: Taking Stock of Bank of America's Mortgage Business

The bean counters like the fact that you can write an application once and then, with little expense and effort, modify it to run on a whole universe of Microsoft systems from the corporate network level (Windows NT) down to a single set-top box (Windows CE).

FORBES: WebCE