The deal also helps Bank of America move toward its capitalization goals under the Basel III accord, as MSRs count negatively against the total capital ratio.
In the current climate, we felt that the presence of MSRs would distract from the theme of hunting and fishing, disrupting the broader experience of our guests.
Liquid-fuel reactors, such as MSRs, also offer inherent safety advantages: because the fuel is liquid, it expands when heated, thus slowing the rate of nuclear reactions and making the reactor self-governing.
"Financial institutions are struggling still with the housing hangover, and this is a company that actually benefits from those types of issues in addition to Basel and all the other reasons that they're selling MSRs, " Mr. Fandetti said.