REAL WORLD EVENT DISCUSSIONS

Bank of Amerika 'repaid' US Govt 1-cent on the dollar (not Wikileaks?)

POSTED BY: PIRATENEWS
UPDATED: Wednesday, January 5, 2011 19:57
SHORT URL:
VIEWED: 1052
PAGE 1 of 1

Tuesday, January 4, 2011 6:18 PM

PIRATENEWS

John Lee, conspiracy therapist at Hollywood award-winner History Channel-mocked SNL-spoofed PirateNew.org wooHOO!!!!!!


Bank of America settled numerous claims with Fannie Mae for an astonishingly cheap rate, according to a Bloomberg report.

A premium of $1.28 billion was paid to Freddie Mac to resolve $1 billion in claims currently outstanding. But the kicker is that the deal also covers potential future claims on $127 billion in loans sold by Countrywide through 2008. That amounts to 1 cent on the dollar to Freddie Mac.

Imagine if you had a $500,000 mortgage, and you got to settle it for $5,000 — that is the deal B of A appears to have gottem from Freddie Mac.

http://www.ritholtz.com/blog/2011/01/bofa-putbacks-freddie-mac/

NOTIFY: N   |  REPLY  |  REPLY WITH QUOTE  |  TOP  |  HOME  

Tuesday, January 4, 2011 11:16 PM

DREAMTROVE


you're not wrong

NOTIFY: Y   |  REPLY  |  REPLY WITH QUOTE  |  TOP  |  HOME  

Wednesday, January 5, 2011 1:33 AM

CANTTAKESKY


That's disgusting.

Can't Take (my gorram) Sky
------
Everything I say is just my opinion, not fact.

NOTIFY: Y   |  REPLY  |  REPLY WITH QUOTE  |  TOP  |  HOME  

Wednesday, January 5, 2011 9:09 AM

KANEMAN


Quote:
Originally posted by canttakesky:
That's disgusting.

Can't Take (my gorram) Sky
------
Everything I say is just my opinion, not fact.



Not if you are a shareholder.....

NOTIFY: N   |  REPLY  |  REPLY WITH QUOTE  |  TOP  |  HOME  

Wednesday, January 5, 2011 7:57 PM

DREAMTROVE


Kane,

It is if you're a shareholder of the USA.

NOTIFY: Y   |  REPLY  |  REPLY WITH QUOTE  |  TOP  |  HOME  

YOUR OPTIONS

NEW POSTS TODAY

USERPOST DATE

OTHER TOPICS

DISCUSSIONS
Russia Invades Ukraine. Again
Tue, August 11, 2026 19:30 - 10907 posts
American Air Power
Tue, August 11, 2026 18:50 - 72 posts
The disaster called Iran
Tue, August 11, 2026 18:48 - 60 posts
Immigration nation
Tue, August 11, 2026 18:42 - 105 posts
In the garden, and RAIN!!! (2)
Tue, August 11, 2026 17:26 - 8121 posts
Jesus christ... Can we outlaw the fuckin' drones already?
Tue, August 11, 2026 17:16 - 52 posts
Iran names price to reopen Strait of Hormuz
Tue, August 11, 2026 16:57 - 34 posts
Trunp loses again in Court
Tue, August 11, 2026 16:43 - 995 posts
BlackRock strikes $23 billion deal to place Panama Canal ports under American control
Tue, August 11, 2026 16:13 - 11 posts
Satellites Show Sea Ice in Arctic Is at a Record Low
Tue, August 11, 2026 16:02 - 27 posts
A thread for Democrats Only
Tue, August 11, 2026 15:01 - 7240 posts
Do you feel like the winds of change are blowing today too?
Tue, August 11, 2026 14:30 - 4765 posts
 VIEW MORE TOPICS 

FFF.NET SOCIAL