BofA Offers World’s Worst Borrowers Astonishing Concessions - Financial Sector and

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BofA Offers World’s Worst Borrowers Astonishing Concessions

Friday, October 10, 2008 --- 55 days ago

http://seekingalpha.com/article/99289-bofa-offers-worlds-worst-borrowers-astonis

Bill Zielinski submits: Bank of America (BAC) agreed with the state attorneys general to offer astonishing concessions to 390,000 subprime and pay option arm borrowers that will cost upwards of $9 billion, as reported by the Wall Street Journal . Summary terms of the settlement with borrowers for loans made by Countrywide Financial include the following: Complete Story » ...

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