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: 988
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
Khamenei, One of Most Evil People in History, is Dead
Sun, May 17, 2026 16:25 - 399 posts
Russia Invades Ukraine. Again
Sun, May 17, 2026 15:18 - 10154 posts
In the garden, and RAIN!!! (2)
Sun, May 17, 2026 14:10 - 7215 posts
Do you feel like the winds of change are blowing today too?
Sun, May 17, 2026 05:54 - 4574 posts
Politics is so broken it’s driving people to therapy
Sun, May 17, 2026 04:42 - 3 posts
Countdown Clock Until Vladimir Putins' Rule Ends
Sun, May 17, 2026 03:33 - 192 posts
The map is becoming so tilted that a four-point Democratic win might not be enough for a majority.
Sat, May 16, 2026 19:08 - 4 posts
Music 4
Sat, May 16, 2026 18:45 - 70 posts
News from the environment...for those interested
Sat, May 16, 2026 18:18 - 33 posts
We haven't forgotten about you...
Sat, May 16, 2026 17:09 - 6 posts
Wahhabsim: The philosophy of Saudi jiahd, and ISIS
Sat, May 16, 2026 08:43 - 45 posts
Asia has defeated the USA using 'Soft Power' ???
Sat, May 16, 2026 08:38 - 113 posts
 VIEW MORE TOPICS 

FFF.NET SOCIAL