Bank Of America Halts Foreclosures

Discussion in 'Economy' started by Madeline, Oct 1, 2010.

  1. Madeline
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    Madeline BANNED

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    Last edited: Oct 1, 2010
  2. Samson
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    Samson Póg Mo Thóin Supporting Member

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    You're not implying that democrats are trying to buy time.....30 days now......by delaying foreclosures, and popularizing themselves?

    When have Dems ever toyed with the mortgage markets?:eusa_whistle:
     
  3. goldcatt
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    goldcatt Catch me if you can! Supporting Member

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    Hmmm....there are two sides to every story. And BoA is well known for being sloppy, poorly managed, and just flat out incompetent. And that's in my field, which deals with the money making side. It makes me wonder how much worse the recovery side must be. I'd love to see the docs involved.
     
  4. Charles_Main
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    Charles_Main AR15 Owner

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    It may be political Timing, But there is good reason why they are doing it.

    These banks can't afford to pay someone to do upkeep on all these properties that are not going to sell anytime soon. They are making a financial Decision to just let the people stay in the house and hope they get their act together and start paying, instead of kicking them out, and ending up with another empty house on their books.
     
  5. loosecannon
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    loosecannon Senior Member

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    It isn't political timing! That's just foolish partisan insanity speaking.

    http://www.usmessageboard.com/economy/134172-gmac-ally-crisis.html
     
  6. loosecannon
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    loosecannon Senior Member

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    NO, not at all....:

    http://www.usmessageboard.com/economy/134172-gmac-ally-crisis.html
     
  7. william the wie
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    william the wie Gold Member

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    The 23 states looking into GMAC/Ally, Morgan Chase and now BOA are shooting the Dems. This may and probably is inadvertent because many of the AGs are Dems but by hitting GMAC first, the one mortgage company where pinning the blame on the scapegoat hits Obama in the butt, this crisis will go in Obama's column. It was his auto bailout that got USG fingerprints all over GMAC and this will be known as the GMAC bailout.
     

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