Now you know why. BAC is speeding up the foreclosures so they can unload all of the bad loans. the msm is saying the Banks are sitting on all the property waiting for property values to inch up. I don’t believe it. I think they knew this news was going to break, and tried to beat it with their own headline. I wonder if the msm will talk about this story tomorrow?
You know what gets me about this? as if people didn’t have enough to worry about. If Paulson had anything to do with BOA, buying CW he should go to jail. They should have been allowed to only buy the good loans.
I know they first started talking this takeover up in in August 2007. I remember the timing because the Utah mine rescue was going on and we were on vacation on our boat and I was listening to Fox a lot on XM to hear the news about the miners. I’m 99% positive Paulson was pushing this, can’t remember but I think Bernanke was as well... it was pretty clear right then Countrywide was in big trouble and DC didn’t want it to bring down the market. BTW, I am not behind on my mortgage, but this has me concerned... very concerned.