Comments on: Countrywide Loses $422 Million – Bank Of America Buyers Remorse? http://www.therealestatebloggers.com/2008/01/29/countrywide-loses-422-million-bank-of-america-buyers-remorse/ Real Estate Blog, Mortgage, and Development News Sat, 21 Nov 2009 03:38:54 -0600 http://wordpress.org/?v=2.8.6 hourly 1 By: Basilovecchio http://www.therealestatebloggers.com/2008/01/29/countrywide-loses-422-million-bank-of-america-buyers-remorse/comment-page-1/#comment-152921 Basilovecchio Wed, 30 Jan 2008 17:37:32 +0000 http://www.therealestatebloggers.com/2008/01/29/countrywide-loses-422-million-bank-of-america-buyers-remorse/#comment-152921 Basilovecchio-Translates as AFFORDABLE HOUSING! Please read my comment under "Top 10 States with Highest foreclosure Rate in 2007 Read it. Send it to someone you know that needs help. I am computer illiterate.(Guess you can tell what generation in fall into. The Housing crisis solution is in that comment-check it out! Check back with me 2 cbasilovecchio@aol.com Basilovecchio-Translates as AFFORDABLE HOUSING!

Please read my comment under “Top 10 States with Highest foreclosure Rate in 2007
Read it.
Send it to someone you know that needs help.
I am computer illiterate.(Guess you can tell what generation in fall into.

The Housing crisis solution is in that comment-check it out!
Check back with me 2
cbasilovecchio@aol.com

]]> By: Marc Brinitzer http://www.therealestatebloggers.com/2008/01/29/countrywide-loses-422-million-bank-of-america-buyers-remorse/comment-page-1/#comment-152550 Marc Brinitzer Wed, 30 Jan 2008 05:40:05 +0000 http://www.therealestatebloggers.com/2008/01/29/countrywide-loses-422-million-bank-of-america-buyers-remorse/#comment-152550 Didn't BofA just come in the last day or two and say the "deal is on"? Makes me wonder what kind of guarantees the government has given BofA to jump in and save this monolith. Of course, the de facto guarantee may lie in the $51 billion loan made by the Atlanta Fed, collateralized by a portfolio full of toxic waste. See my post at http://www.lendingclarity.com/2007/11/29/secret- countrywide-bailout-senator-schumer-rips-the-atlanta- federal-home-loan-bank/ about New York Senator Charles Schumer's letter to the Federal Reserve. Didn’t BofA just come in the last day or two and say the “deal is on”? Makes me wonder what kind of guarantees the government has given BofA to jump in and save this monolith.

Of course, the de facto guarantee may lie in the $51 billion loan made by the Atlanta Fed, collateralized by a portfolio full of toxic waste. See my post at http://www.lendingclarity.com/2007/11/29/secret-
countrywide-bailout-senator-schumer-rips-the-atlanta-
federal-home-loan-bank/ about New York Senator Charles Schumer’s letter to the Federal Reserve.

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