Government plan to relieve homeowners should save banks billion...

Full story: Chicago Tribune
Most banks will end up losing much less money handing mortgages over to the government than they would if the loans defaulted and the homes went into foreclosure. Read more

“Full service, discount broker”

Since: Apr 08

Chicago, IL

#1 Jul 29, 2008
Hmm. One of two things has to be true here: 1) The banks could have refinanced these mortgages on their own without the government's help or 2) The government is agreeing to take on losses from these refinanced mortgages. Either way I don't like the way this smells.
dude

Plano, TX

#2 Jul 29, 2008
The bill should be renamed... "The Pass on the bad loans to the taxpayers so that the bankers can get back to getting ridiculous bonuses bill"
Pete

Chicago, IL

#3 Jul 29, 2008
Yep. Private profits and socialized losses.
Larine

London, UK

#4 Mar 26, 2014
This is the first time I had ever applied for a loan. I couldn't have asked for anything more from the staff that answered any of my questions to the application process. Once this had all been completed the money was transferred quickly into my account. I will definitely be recommending 911PDAY .COM ( http://goo.gl/44kQUQ ) too my friends and family.

Tell me when this thread is updated:

Subscribe Now Add to my Tracker

Add your comments below

Characters left: 4000

Please note by submitting this form you acknowledge that you have read the Terms of Service and the comment you are posting is in compliance with such terms. Be polite. Inappropriate posts may be removed by the moderator. Send us your feedback.

Bank of America Discussions

Title Updated Last By Comments
News U.S. top court to hear Bank of America cases on... Mar 24 dariusrickard 14
News Bank of America Says Obama's Refinancing-Plan D... (Dec '11) Mar 10 williamscharles71 7
do not bank with bank of america!!!! Mar 10 lauramoore3 1
News Bank Of America: Another Opportunity To Buy Low... (May '12) Feb '15 agw 12
News Oil at $40, and Below, Gaining Traction on Wall... Jan '15 toneyweigert 1
News Bank of America's Bogus Rally Collapses as Real... (Jan '12) Jan '15 hubertfields00 2
News Broker departures accelerate at Merrill Lynch (Mar '12) Jan '15 williamscharles71 8
More from around the web