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To: TigerLikesRooster
There is a saying among financial regulators that some financial institutions are "too big to fail."

Bank of America may already be owed a very large amount of money by Countrywide and cannot afford to let them default. It's also very possible federal regulators are putting pressure on BofA to inject the money.

If you owe someone $1,000 you cannot pay, they can easily take collection action against you without concern. If you owe someone $500 million, they will do everything possible to see that you remain in business to pay them back.

10 posted on 08/23/2007 4:10:31 AM PDT by NoControllingLegalAuthority
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To: NoControllingLegalAuthority
I did not know that CFC owed a lot of money to BoA. That sounds like a reasonable scenario.
11 posted on 08/23/2007 4:12:27 AM PDT by TigerLikesRooster (kim jong-il, chia head, ppogri, In Grim Reaper we trust)
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