The trial of Bank of America (BAC) promises to be a barn burner, even if no individuals are on trial. The pre-trial skirmishes have stepped up a notch, with the SEC filing some additional charges related to whether the bank should have disclosed massive losses--$4.5 billion in October alone--to shareholders. This in addition to charges that the bank failed to disclose those controversial bonus payments to Merrill Lynch.

But the AP reports that the SEC still has not moved to hold individuals accountable. The bank is ecstatic of course, though critics may be troubled. Still, there could be plenty of fireworks at the trial, which is scheduled to start March 1, depending on who is called to testify. It doesn't appear as though any kind of settlement is possible. 

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