Pacific Investment Management Co., BlackRock Inc. and the Federal Reserve Bank of New York are seeking to force Bank of America Corp. to repurchase soured mortgages packaged into $47 billion of bonds by its Countrywide Financial Corp. unit, people familiar with the matter said.
Tuesday, October 19, 2010
IT'S TIME TO NATIONALIZE THESE BASTARDS
The MOTU are all a bunch of damn parasites and we need to get rid of them. Atrios notes the irony of BofA whining about "many loans and other mortgage-related assets have been double and even triple-pledged to various constituencies" and in turn being accused of peddling junk paper:
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