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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.
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........
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.
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.
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 )
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