8.06.2008

B of A - Countryfried mess continues

This is a good read for those interested in the Countrywide debacle.

Essentially, B of A hoped they could get the servicing business without taking on the liabilities of Countryfried's horrible loan portfolio and other legal headaches. Well, it's not working out so well.

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Milestones

I talk a lot about inflation. But today was the first time in my life I actually used a dollar bill as toilet paper.