(AFX UK Focus) 2008-11-25 23:03 A N.Y. bank sues Countrywide, BofA over mortgages (Interactive Investor)
(AFX UK Focus) 2008-11-25 23:03 A N.Y. bank sues Countrywide, BofA over mortgages (Interactive Investor)
NEW YORK, Nov 25 (Reuters) - Amalgamated Bank of New York has sued Countrywide Financial Corp, now owned by Bank of America, claiming it was sold $212 million worth of high-risk, nonperforming mortgages circumventing underwriting guidelines. The lawsuit, filed in New York State Supreme Court on Monday, said Amalgamated stands to suffer losses because of the deterioration in the loans bought from …
Debt Rattle, November 30 2008: How to Build a Lifeboat
National Photo Co. Mack Sennett Girl 1919. Actress Marvel Rea, one of film producer Mack Sennett’s well-rounded “bathing girls” Stoneleigh: Yesterday we talked about why we are facing deflation and today I wanted to review and explain the suggestions we have made previously for dealing with a deflationary scenario. In short, this is the list we have run periodically since we started TAE (with one addition at the end): 1) Hold no debt (for most people this means renting) 2) Hold cash and