Posts Tagged ‘wm’Bailout Treats Symptoms, Not DiseaseThis post first appeared on Minyanville and our sister site Dawn Patrol. The bailout is done! Time to breathe a sigh of relief. Or is it? As details emerge about the financial bailout package that was jammed through Congress over 10 days of political theater at its most nauseating, there’s still a striking omission from [...] New Countrywide Suit Tries To Foreclose ForeclosuresThis post first appeared on Minyanville. When Bank of America (BAC) agreed to buy Countrywide, it didn’t just take on a mountain of questionably valued mortgage-related assets. It also took on huge legal liability. San Diego City Attorney Mike Aguirre, who has a penchant for punitive lawsuits that rarely result in much more than a [...] Mortgage Reform: Why Government Intelligence is OxymoronThis post first appeared on Minyanville and our sister site Dawn Patrol. After leading the banking sector to its largest ever one-day drop yesterday, Washington Mutual (WM), in an effort to assuage concerns that it’s facing a cash crunch, released a statement claiming that the bank is “well-capitalized.” Though the stock bucked the trend this [...] |