Bailing out the biggest loan company

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01-11-2008, 07:46 PM

Tom Earp

GreekChat Member

Join Date: Mar 2000

Location: Kansas City, Kansas USA

Posts: 23,584

Bailing out the biggest loan company

Bank of America is spending Billions of dollars for Country Wide Mortgage who loans 1 out of six loans and were going to file bankruptcy!

Who is at fault for this fiasco?

ARMs, and schmoozed by slick sales people or stupidity by the buyers?

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