galileoreloaded
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Wed Aug-10-11 10:00 AM
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http://www.cnbc.com/id/44088147BofA Sells Mortgage Portfolio to Fannie Mae: Report
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nc4bo
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Wed Aug-10-11 10:04 AM
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1. Someone clear this up.....are these "good" loans or |
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the really sleazy ones.
Article doesn't say :shrug:.
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n2doc
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Wed Aug-10-11 10:07 AM
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3. I will lay money that they are subprime or underwater loans |
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Because the good ones would be ones B of A would want to keep.
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nc4bo
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Wed Aug-10-11 10:11 AM
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7. Nice how the article leaves out that minor detail. |
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I'm not surprised and figured our backs would be weighed down with more burdens from crooks and swindlers.
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DURHAM D
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Wed Aug-10-11 10:12 AM
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8. Exactly. My pockets are already turned inside out. |
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I ain't got no mo money to give the banksters. But, maybe my fellow tax payers are down with this.
Oh wait - we don't have a f*ckin' choice.
Can't wait to see B of A bonus schedules for these executives that worked so hard to screw us.
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n2doc
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Wed Aug-10-11 10:06 AM
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2. Wonderful. So now the taxpayer gets to eat all of that crap |
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Wonder what we 'bought' ?
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nc4bo
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Wed Aug-10-11 10:08 AM
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4. If thee giveth a sh*t sandwich, thou shalt receiveth a sh*t sandwich |
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and get dress it up all pretty and stuff with argula and fake crabmeat on a silverplated platter and serve to the taxpaying public who just might believe they're eating the really good stuff.
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valerief
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Wed Aug-10-11 10:09 AM
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5. In other words, a bailout for BofA. nt |
slackmaster
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Wed Aug-10-11 10:09 AM
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6. I'll bet dollars-to-donuts that my high-grade former Countrywide mortgage isn't included |
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Edited on Wed Aug-10-11 10:10 AM by slackmaster
Because I always make payments on time, have a strong positive equity position, and excellent credit.
But as a taxpayer I get to eat a share of the giant shit sandwich anyway. What a wonderful reward for a lifetime of fiscal restraint and financial responsibility!
:kick:
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marmar
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Wed Aug-10-11 10:13 AM
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9. Sounds like a back-door bailout for BofA |
DURHAM D
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Wed Aug-10-11 10:15 AM
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10. I assume that this paper movement has something to do with the fact |
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that Fannie has a more streamlined method of foreclosure. What we need is a new HOLC. http://en.wikipedia.org/wiki/Home_Owners'_Loan_Corporation
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Fri May 03rd 2024, 01:57 PM
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