Replies to This Discussion

Permalink Reply by Donna Paul on October 19, 2010 at 5:28am

thanks for sharing Jeff... I guess that one way to sell off those homes but instead of trying to make the homeowers keep them.

Permalink Reply by Jimmy Williams on October 19, 2010 at 4:03pm

Jeff,

With BOA playing it cool and only placing a small amount in reserve to cover re-purchases, and the statement that Credit Default Swaps appear to be stable, these statements sound and look like the statements being made right before the big bust.

Guess the coming months will tell us if Chase or BOA is on target. Either way looks like an enormous amount of buy backs.