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BOA legal bills could exceed reserves by $5bn

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Mortgage Professional America | 02 May 2014, 08:49 AM Agree 0
As it continues to weather lawsuit after lawsuit, BOA could find its reserves insufficient to pay its mounting legal bills
  • Cheryl M | | 02 May 2014, 11:24 AM Agree 0
    What comes around goes around.
  • Stacey Johnson | | 02 May 2014, 12:52 PM Agree 0
    Don't think the bank should be taking the blunt for all this. BOA did a favor by taking the bankrupt Countrywide. What would have happened if the government, or the American people had to take it... let's be realistic. When the mortgages were flying out the door there was no problem then. Our economy crashes when all the jobs go over seas... this bank employees 200,000 Americans. Good jobs to boot. Time Fannie and Freddie to take some liability. Back off the banks who employee millions here in the US.
  • mary cottrill | | 02 May 2014, 01:56 PM Agree 0
    Amen Stacey Johnson! quit making out the big banks to be satan
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