2008-06-20 — ml-implode.com
The National Review Online has obtained an internal 61 page document on Bank of America letterhead dated March 11th that matches the Dodd-Shelby Bill almost identically. First, we find out that Dodd is a Countrywide "insider" but is so ignorant he didn't read his loan papers to know he got a "deal." Now, we find out that BofA, who is supposed to be closing on their Countrywide purchase in the next few months, wrote the Bill for him. If this Bill passes, BofA's Countrywide buyout is much more palatable and the $60+ billion in toxic loans are mostly covered. This stinks to high heaven.
source article |
permalink |
discuss |
subscribe by:
|
RSS |
email 
Comments: Be the first to add a comment
add a comment | go to forum thread
Note: Comments may take a few minutes to show up on this page. If you go to the forum thread, however, you can see them immediately.