by Moe Bedard
By Moe Bedard
Major banks except Citi have formally cut off all negotiations with the Senate in an effort to limit even further the scope of the cramdown bill. Senators from both sides of the isle have given up hope on further developments as well. Bloomberg’s report on the cramdown bill today seems like the last [...]
Read the full article →
by Moe Bedard
By Moe Bedard
Of course we all already know that Bank of America, Wells Fargo, Citi and other lending giants have received trillions in bailout aid and now, because they’re willing to modify loans based on Federal guidelines they’ll get another nice chunk of change…$2.66 Billion according to the Treasury.
Perhaps this should be another “I’m [...]
Read the full article →
