Is BofA getting in over their head?

Just a few weeks after announcing their takeover of Merrill Lynch, Bank of America has reportedly settledon an $8.4 billion dollar payout to clean up the mess made by Countrwide Financial Corp, which they acquired just a few months ago. Apparently the subprime lender got into some hot water with alleged predatory lending practices, and was sued by 11 states. Looks like the gem they thought they were getting is turning out to be a money pit of sorts.

I’m just wondering, with the big doings with Merrill, and now this massive lawsuit, does BofA have what it takes to keep their head above water? Or are we going to see another headline about a failed financial giant in a few months?