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The five biggest U.S. mortgage lenders have absorbed nearly $69B in expenses tied to soured home...

  • Friday, October 21, 2011, 11:18 AM ET
    The five biggest U.S. mortgage lenders have absorbed nearly $69B in expenses tied to soured home loans since 2007, and could eventually top $120B, Bloomberg reports. At Bank of America (BAC), the figure is $40.3B; at JPMorgan Chase (JPM), it's at least $17.6B. “This is still far from over,” former TARP inspector general Neil Barofsky says.
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This news story has 2 comments:

  •  
    How about, "THE AMERICAN TAXPAYERS have absorbed nearly $69B in expenses tied to soured home loans since 2007"........
    21 Oct 2011, 11:27 AM Reply Like
  •  
    Is it any wonder that banks aren't willing to lend anymore money. The government is going all in to insure the riskiest borrowers top out their credit lines?
    21 Oct 2011, 11:44 AM Reply Like
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