In January 2009 Bank of America said in a press release: “To help homeowners avoid foreclosure, Bank of America and Countrywide modified approximately 230,000 home loans during 2008. This year (2009) the company embarked on a loan modification program projected to...
Quote from today's FT.com: "Republican members (of Congress) are focused on the idea that officials put undue pressure on BofA to complete the deal (with Merrill Lynch)." What's that about? Have these Republican congresspeople forgotten which party...
Well, the news is out about the stress tests! And surprise, surprise, it’s not as bad as the doomsayers predicted – again. Just like when they predicted the nationalization of some big banks and the failure of others. It seems the banking system isn’t going down the...
