Bank of America may be the first bank to go insolvent with Countrywide's Baggage
Fred Day
Mar. 1, 2008

The bank of America now severely regrets the accumulation of Countrywide's Baggage.

A federal watchdog has asked courts to penalize Countrywide for alleged abuses of the bankruptcy system. David Sambol, Countrywide's president and chief operating officer, will head of the two banks'' combined home-mortgage business. That is running well with lawmakers.

Some in Washington believe, Bank of America is about to create a blunder for itself. Countrywide’s baggage is much more than one can think of. Bank of America may be the first bank to go insolvent with Countrywide's Baggage.

Bank of America may be the first bank to go insolvent with Countrywide's Baggage
Fred Day
A federal watchdog has asked courts to penalize Countrywide for alleged abuses of the bankruptcy system. David Sambol, Countrywide's president and chief operating officer, will head of the two banks' combined home-mortgage business.
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Property tax to soar, county, city, municipality, and state governments in deep financial trouble as municipal bond yields ready to skyrocket
Marla Guthrie
The municipal-bond market, considered as a haven for individual investors with tax-free yields, reached a boiling point Friday after months of turmoil.
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Hillary Clinton trying to delay the release of the results from Tuesday evening's Texas caucus: Texas Democratic Party charges
Kirit Chauhan
The Democratic Party activists now claimed that the Clinton campaign is trying to delay the release of the results from that evening's caucuses, where Illinois Sen. Barack Obama is thought to have a decisive advantage.
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Clintons could have won both Texas and Ohio if they would have released her source of money and tax returns
Sunil Roy
But they do not like the fact that Hillary Clinton is hiding her and her husband’s tax returns. It is time for Bill and Hillary Clinton to tell the world where and how they made their millions.
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The commodity bubble is real now – a steeep 30 to 40% correction in grains, precious metals and energy (oil) possible
Joe Weinman
The commodities have gone up on speculation from cash rich investprs, investment firms and pension funds that have shifted resources from the satock market to the commodities market.
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UBS Says $600 billion but in reality it can be three trillion dollar loss for banks and financial firms across the globe
Sam Adelton
The crisis triggered by the collapse of subprime mortgages in banks, brokers, insurers, investment firms and other financial institutions are much deeper than any one can about.
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Many small and big US banks may have to close their doors - Bernanke warning points to small banks but problems with bigger banks even more serious
Peter Oberois
A one hundred year banking cycle topped in 2007. It was 1907 when the last cycle topped. That was the time when a similar global financial meltdown shook up the banking system. After that meltdown the Federal Reserve was created.
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Growth outlook for the 15-country eurozone bleak – sell euro buy Japanese yen
Marla Guthrie
The Japanese currency at this stage is the strongest among those that are allowed to float freely. Quantitaive models point to a strong yen and somewhat strong dollar compared to Euro.
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