Hurry up BofA...
you need to save all your illegal-immigrant customers that got
home loans from Countrywide!
I pray that some MAJOR BofA shareholders will throw a LOUD fit
at the next shareholder meeting.
For the PERFIDIOUS work of BofA to give legitimacy to illegals via
offering of banking services.
And those will get paid off, closed out, or consolidated through a different lender, when the time is right.
I’ve been trying to tell folks, the credit crunch is going to get UGLY, very very UGLY and take more down than just mortgage companies.
I don’t think $2 Billion is going to amount to a hill of beans for CW... they tapped over 11 Billion in cash just to stay afloat a few weeks ago, another $2 won’t matter much if credit crunch continues.... when your major cash raising asset is paper, and no one is willing to buy it.. you don’t stay in business long.
If paper remains an unsellable commodity, CW is toast, and so are a lot of other industries.