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Reply #7: We don't need another failure and BOA did us a favor in 2008.
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Eddie Haskell
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Sat Aug-06-11 07:13 PM
Response to Reply #6 |
7. We don't need another failure and BOA did us a favor in 2008. |
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By buying Countrywide, BOA kept the regulators from the messy task of figuring out who would take on the responsibility of collecting payments for the 9 million U.S. home loans serviced by the failing lender. There was no government support for Countrywide’s loan portfolio. In this case, I'd cut BOA some slack.
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