Buy a $2.5 Billion Asset, Lost $50 Billion: Ah, The Banking Life
Bill Quick

The deal that cost Bank of America $50 billion – and counting | Bank of America’s mortgage business has lost more than $50 billion since the Charlotte bank bought Countrywide Financial for $2.5 billion, according to an Observer tally, and more … Continue reading

Even on ZeroHedge their sense of “history” is only 20 years

ZeroHedge chronicles Latin American debt defaults “as far back” as 20 years ago. Latin America has been defaulting since the late 1800’s and it’s only accelerated as they became more and more socialist. To underline the connection between socialism and … Continue reading