Make install error with 2.11.2/MIPS

[MacGyver]

make[1]: Entering directory `/home/src/binutils/binutils-mips/libiberty'
make[2]: Entering directory
`/home/src/binutils/binutils-mips/libiberty/testsuite'
make[2]: Nothing to be done for `all'.
make[2]: Leaving directory
`/home/src/binutils/binutils-mips/libiberty/testsuite'
/bin/sh /home/src/binutils/binutils-2.11.2/install-sh -c -m 644
libiberty.a /usr/lib/libiberty.an
( cd /usr/lib ; ranlib libiberty.an )
ranlib: can't set BFD default target to `mipsel-unknown-linux-gnu': 
make[1]: *** [install_to_libdir] Error 1
make[1]: Leaving directory `/home/src/binutils/binutils-mips/libiberty'
make: *** [install-libiberty] Error 2

Out of curiousity, I did a make -k install as well...here's the
additional error:

(cd /usr/lib && rm -f libopcodes.so && ln -s libopcodes-2.11.2.so
libopcodes.so)
/bin/sh /home/src/binutils/binutils-2.11.2/install-sh -c
.libs/libopcodes.lai /usr/lib/libopcodes.la
/bin/sh /home/src/binutils/binutils-2.11.2/install-sh -c
.libs/libopcodes.a /usr/lib/libopcodes.a
ranlib /usr/lib/libopcodes.a
ranlib: can't set BFD default target to `mipsel-unknown-linux-gnu': 
make[3]: *** [install-libLTLIBRARIES] Error 1
make[3]: Target `install-exec-am' not remade because of errors.
make[3]: Nothing to be done for `install-data-am'.
make[3]: Leaving directory `/home/src/binutils/binutils-mips/opcodes'
make[2]: *** [install-am] Error 2
make[2]: Leaving directory `/home/src/binutils/binutils-mips/opcodes'
make[1]: *** [install-recursive] Error 1
make[1]: Target `install' not remade because of errors.
make[1]: Leaving directory `/home/src/binutils/binutils-mips/opcodes'
make: *** [install-opcodes] Error 2

Upon further investigation, it seems that something might be up with ld:

ld --version
ld: can't set BFD default target to `mipsel-unknown-linux-gnu':