Page 3 of 3 FirstFirst 123
Results 21 to 25 of 25

Thread: Bank of America to pay $16.65 billion over mortgages

  1. #21
    Sage
    Dittohead not!'s Avatar
    Join Date
    Dec 2009
    Location
    The Golden State
    Last Seen
    Today @ 01:07 PM
    Gender
    Lean
    Libertarian
    Posts
    41,522

    Re: Bank of America to pay $16.65 billion over mortgages

    Quote Originally Posted by Winchester View Post
    Under Obama's orders.
    Obama has ordered the B of A to pay out all that money to La Raza and the defunct ACORN.

    That's what we're being asked to believe.

    Holy crap.
    "Donald Trump is a phony, a fraud... [he's] playing the American public for suckers." Mitt Romney

  2. #22
    Sage

    Join Date
    Dec 2011
    Location
    Florida
    Last Seen
    Today @ 04:41 AM
    Gender
    Lean
    Liberal
    Posts
    23,354

    Re: Bank of America to pay $16.65 billion over mortgages

    Quote Originally Posted by tres borrachos View Post
    OMG now that's funny. You have no idea what the BofA fine is all about, do you?
    A click of the link would tell you but you want to judge for yourself? What is ypur opinion?...your honor.
    The latest agreement settles probes by the Justice Department and six states that accused the bank of misleading the buyers of mortgage-backed bonds about the quality of the loans. The bank admitted responsibility, but the announcement did not include criminal charges.

  3. #23
    Kinky
    tres borrachos's Avatar
    Join Date
    Feb 2012
    Location
    New England
    Last Seen
    Today @ 01:48 PM
    Gender
    Lean
    Moderate
    Posts
    39,068

    Re: Bank of America to pay $16.65 billion over mortgages

    Quote Originally Posted by iguanaman View Post
    A click of the link would tell you but you want to decide for yourself? What is ypur opinion?...your honor.
    Which has nothing to do with the link you put to Bush and his homeownership push. You really don't know that, do you?

  4. #24
    Sage
    EnigmaO01's Avatar
    Join Date
    Dec 2009
    Location
    Indiana
    Last Seen
    Today @ 12:41 PM
    Gender
    Lean
    Other
    Posts
    7,027

    Re: Bank of America to pay $16.65 billion over mortgages

    Quote Originally Posted by tres borrachos View Post
    Which people?
    The ones responsible of course!

  5. #25
    Sage

    Join Date
    Dec 2011
    Location
    Florida
    Last Seen
    Today @ 04:41 AM
    Gender
    Lean
    Liberal
    Posts
    23,354

    Re: Bank of America to pay $16.65 billion over mortgages

    Quote Originally Posted by tres borrachos View Post
    Which has nothing to do with the link you put to Bush and his homeownership push. You really don't know that, do you?
    You still haven't figured out the scheme? Here it is in a nutshell. Sell a bunch of predatory mortgages with balloon interest rates to people who couldn't afford them then bundle those mortgages up as "investment grade" bonds and resell them to unsuspecting investors. Then take out CDS's on those bonds that pay out if the bonds fail, which the banks already knew they would. It reminds me of W.C. Fields movie when a hick asks him if poker was a game of chance. "Not the way I play it...No" was his answer.

Page 3 of 3 FirstFirst 123

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •