Temasek Sees a Black Cloud Over B of A

FT Alphaville has a story about how Temasek, Singapore's sovereign wealth fund, reacted to becoming an accidental investor in B of A. Its shares of Merrill Lynch were exchanged for B of A shares and after the merger Temasek owned 3% of B of A. The fund is pessimistic enough about B of A's prospects that they sold their shares and took a three-billion-dollar loss.