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: 908
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
In the garden, and RAIN!!! (2)
Tue, October 7, 2025 07:59 - 6064 posts
A thread for Democrats Only
Tue, October 7, 2025 07:41 - 7116 posts
Russia Invades Ukraine. Again
Tue, October 7, 2025 07:35 - 9036 posts
Do you feel like the winds of change are blowing today too?
Tue, October 7, 2025 07:35 - 3524 posts
Celebrating Shumer Shutdown
Mon, October 6, 2025 20:43 - 6 posts
Disband FBI?
Mon, October 6, 2025 20:37 - 170 posts
Let The Hypocrisy Begin
Mon, October 6, 2025 20:18 - 217 posts
Supreme Court
Mon, October 6, 2025 20:17 - 131 posts
Trump Is Destroying Everything He Touches
Mon, October 6, 2025 20:12 - 712 posts
You can't take the sky from me, a tribute to Firefly
Mon, October 6, 2025 20:04 - 335 posts
QAnons' representatives here
Mon, October 6, 2025 19:50 - 1035 posts
human actions, global climate change, global human solutions
Mon, October 6, 2025 11:13 - 1063 posts
 VIEW MORE TOPICS 

FFF.NET SOCIAL