Last login: Sunday, August 21, 2011
Alas you are 100% accurate with regards to this unfortunate mess. B of A has always been known as a "gangster" lender, but now that they have settled 2 major law suits in the past month, they are running low on cash reserves for settlement funding. AIG was the last blow for B of A 2 weeks ago in the amount of USD$10 Billion.At the heart of the matter lies the simple fact that B of A simply can't afford the amount of bad publicity they have been receiving as of late.
It is far more affordable to pay "Barry" a USD $100 Million in ransom money to take the down the attorneys who are indeed attempting to bring these gangster entities to justice.
August 21, 2011 at 7:07 a.m.
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