Replies to This Discussion

Permalink Reply by Wendy Smith on April 28, 2011 at 3:59am

won't we just print more money and bail them out?  aren't they too big to fail?  pls excuse my sarcasm.

Permalink Reply by Tni LeBlanc (805) 878-9879 on April 28, 2011 at 4:53am

Wouldn't that be lovely?  They could break it up and have 100 little banks where people answer the phone instead.

Permalink Reply by Jeff Payne on April 28, 2011 at 5:10am

They could be saved. Let us run the loss mitigation department!

Permalink Reply by Lillie Handy Dominguez on April 28, 2011 at 5:17am

Not sure it will fail, however, Kramer of Mad Money sold MOST not all of his shares of BofA and so did I.  They were recommended a buy earlier this year, but it's gone down.  This may say a little about their position.

Permalink Reply by Lillie Handy Dominguez on April 28, 2011 at 5:49am

Guess we never know.  If Countrywide went down, and BofA took over their problem and did some restructuring several years ago, it certainly could go down too.  Cramer also screws up........

Permalink Reply by Tni LeBlanc (805) 878-9879 on April 28, 2011 at 5:57am

I'll take 100 different policies, rather than one sucky one and no leverage to complain or change that policy.  Too big to fail, and too big fight come to mind.

I just got paperwork from BofA saying that there will be no dual representation by a single agent on their short sale files. Makes it very nice for independent brokers like myself.  

 

If they were smaller the fact that that policy sucks might be changeable without a lawsuit.  The trial lawyers will pick them apart soon over many of their policies (rightfully) -- but there will be no justice for the little people.  If these were smaller banks, I might be able to get a decision maker on the phone with a brain and get something like this waived instead of negotiating with a computer screen.  Or, at the least, the impact of a policy like this wouldn't be as great since so many of the loans that need to be shorted are with BofA.

 

BofA is a bully.  A big Baby Huey bully.  Take the diaper off and let 'em wail.

Permalink Reply by Patty Da Silva on April 28, 2011 at 6:27am

One can only hope for something like that to happen.

 

Sorry if I sound harsh but I have had  just about enough with BoA's tactics, arrogance and complete lack of care.

Permalink Reply by Wendy Smith on April 28, 2011 at 6:29am

well if lawyers can go after Chase for screwing our military, why can't lawyers go after BofA ?

http://tiny.cc/t59ne  ( Chase settles military mortgage suit )