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164446

164446
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  • Bank of America's (BAC +0.5%) $8.5B settlement to take care of claims from Countrywide-backed MBS should be rejected, says a group of investors led by AIG in a NY State Supreme Court filing today. Separately however, the FHFA withdrew its "conditional objection" to the settlement. The Article 77 hearing is set to begin on May 30. BofA would be open to massive liability should a judge throw out the agreement. [View news story]
    AIG fall into the same category like BOA. Both lost most of my investment via wild speculation!
    May 3 03:06 PM | Likes Like |Link to Comment
  • Bank of America's (BAC +0.5%) $8.5B settlement to take care of claims from Countrywide-backed MBS should be rejected, says a group of investors led by AIG in a NY State Supreme Court filing today. Separately however, the FHFA withdrew its "conditional objection" to the settlement. The Article 77 hearing is set to begin on May 30. BofA would be open to massive liability should a judge throw out the agreement. [View news story]
    At what point is the former CEO of Banc America made liable, pays, and sent to jail? The same goes for Fanny & Freddie, and Congress.
    May 3 03:02 PM | 2 Likes Like |Link to Comment
  • In keeping with the terms of the national mortgage servicing settlement, Bank of America (BAC) says it has completed or approved of $15.8B in mortgage relief for 164K customers, including principal reductions totaling $4.75B for 30K loans. Updates from Wells Fargo and JPMorgan are expected today as well. (PR)  [View news story]
    Socialism al la Obama. What do we expect?
    Nov 15 05:38 PM | Likes Like |Link to Comment
  • JPMorgan Chase And The Fiscal Cliff [View article]
    JPM has since 1887 survived any cliff as their history record shows. JPM restored order in the financial system after the demise of Rockefeller, Carnegie, Vanderbilt. Teddy Roosevelt became president by accident and stopped the reckless capitalist's McKinley supported. JPM still flourished until today. I own preferred stocks in the companies.
    Nov 14 03:57 PM | Likes Like |Link to Comment
  • Forget the low end of JPMorgan's (JPM) assertion of $0-$6B in possible losses from the FHFA lawsuit over $33B in MBS, writes Alison Frankel. A judge's Monday decision allowing the suit (and a similar one against Merrill Lynch) to go forward blew up nearly every argument made by the banks, including the key one that Frannie - being so sophisticated with MBS - should have known better. The banks don't want this is front of a jury. Look for a settlement before the summer 2014 trial date. [View news story]
    Is there anything left in crooked America we must prosecute?

    We already have since 1990 only fools in Government, add Wall Street, the Banks, all the lobbyist in Washington and there is no one left!
    Nov 11 01:36 PM | 1 Like Like |Link to Comment
  • Chimera Investment Updates The Extent Of Its Problems, Promises To Keep Paying A Dividend [View article]
    It appears their financial reporting statements are far behind reality, furthermore, simply delayed to cover up their ability to pay the dividend. The downward stock price placed besides the dividends only shows you made no money and barely broke even. It is time to sell!
    Aug 8 11:37 AM | Likes Like |Link to Comment
  • It's All Greek To Me, And The Markets [View article]
    The only solution for the EURO is to eliminate the PIIGS from the currency and start over. Even France is a weak economy run by socialists and to remain in the EURO requires a balanced budget. Germany, as usual, is ask to bail out all of them and no mater what, it can't be done.
    Jun 26 12:33 PM | 1 Like Like |Link to Comment
  • Bold And Innovative Solutions To The Eurozone Debt Crisis [View article]
    The Socialistic insanity reached new heights. They, like USA OBAMA, spending y themselves out of debt, to please the demand for social nonsense. Only fools believe this will work. Fiscal reform is not in anybodies vocabulary. Nothing is learned from 1918, or 1945 in Europe. The EURO is bankrupt! Nothing else as radical devaluation of the currency can change this. The same must be said for the Dollar and his artificial defined value. For 3 years we have no budget and our Messiah preaches all is fine 7/24. Who is insane?
    Jun 14 07:10 PM | 1 Like Like |Link to Comment
  • Gold And Silver: What To Do Now [View article]
    Retired waiting for Obama to disappear!
    Mar 15 03:00 PM | 2 Likes Like |Link to Comment
  • Gold And Silver: What To Do Now [View article]
    What is the reason to buy coins? Their pricing is more like a rollercoaster and no security the ride will hold up.
    Mar 15 02:59 PM | Likes Like |Link to Comment
  • EU Summit Verdict Isn't Good Enough [View article]
    Retired now. Worked for 60 years in International long distance telecommunications for major service providers.
    Dec 14 01:32 PM | Likes Like |Link to Comment
  • EU Summit Verdict Isn't Good Enough [View article]
    The only way for the EU to rescue the EURO is to remove the PIIGS from the currency. Furthermore, disengage from the UK. Nobody needs the UK on the Continent, they always worked against them for Centuries to preserve their World-Empire. Both Wars WWI,WWII, are a prime example.
    Dec 14 01:28 PM | Likes Like |Link to Comment
  • Collapsing Political Support Threatens Euro; Systemic Risk Threatens World Markets [View article]
    Without political Union and a single Government, the EURO is doomed in the long run. Southern Europaen Countries should never been in the EU. All of them are fiscal irresponsible and politically unstable.
    May 26 03:57 PM | 2 Likes Like |Link to Comment
  • Euro Area Update: The Crisis Sine Wave Part 2 [View article]
    How could anybody so stupid to blieve the the Southern European Countries would play by the rules ! They all steal and lie when it comes to money. None of them belong to the European Union. Futhermore, no one should bail them out.

    Need help? Help yourself, not with other peoples money .
    Apr 5 06:04 PM | Likes Like |Link to Comment
  • The Stealth Devaluation of the Dollar [View article]
    It is time to get rid of the bums in Congress, who vote for an increase in salaries on the road to Socialism, and raise the pay for Medicare part B to $ 240 per person in 2011.
    Oct 25 02:49 PM | Likes Like |Link to Comment
COMMENTS STATS
19 Comments
11 Likes