Bank of America to Buy Countrywide for $4billion

[LuckyInOC]

This reminds me of a few good quotes…

“I have two great enemies, the southern army in front of me and the financial institutions, in the rear. Of the two, the one in the rear is the greatest enemy….. I see in the future a crisis approaching that unnerves me and causes me to tremble for the safety of my country. As a result of the war, corporations have been enthroned and an era of corruption in high places will follow, and the money power of the country will endeavor to prolong its reign by working upon the prejudices of the people until wealth is aggregated in a few hands and the Republic is destroyed. I feel at this moment more anxiety for the safety of my country than ever before, even in the midst of the war. – Abraham Lincoln”

“If the American people ever allow private banks to control the issue of their currency, first by inflation then by deflation, the banks and the corporations will grow up around them, will deprive the people of all property until their children wake up homeless on the continent their fathers conquered. The issuing power should be taken from the banks and restored to the people, to whom it properly belongs. – Thomas Jefferson, The Debate Over The Recharter Of The Bank Bill, (1809)”

“Whoever controls the volume of money in any country is absolute master of all industry and commerce. – James A. Garfield, 20th US President”

“It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning. – Henry Ford”

“Let me issue and control a nation’s money and I care not who writes the laws. – Mayer Amschel Rothschild, 1790”

“Money plays the largest part in determining the course of history. – Karl Marx (Communist Manifesto)”

“I believe that banking institutions are more dangerous to our liberties than standing armies. – Thomas Jefferson”

Could it be that China and Saudi has some other motives or intentions?

Lucky In OC

[bubba99]

B of A may be getting a bargain in CFC’s mortgage servicing rights(MSR) CFC’s MSR services $1.48 trillion in mortgages and the cash flow alone is 7.5 billion/month (using 6% avg interest rate – my be higher/lower) (9million mortgages)

Even with a .5% service fee, the annual service fee is 440 million or npv of about 9.8 billion – scale the .5% up or down to get a better idea of the real value of the loan processing – somewhere between 5 and 10 $billion before losing a two million customers to foreclosure.

Yes there can be some real losses in the loan portfolio, but the loan servicing may be worth what BofA is paying. Iam holding my BofA shares.

[bubba99]

B of A may be getting a bargain in CFC’s mortgage servicing rights(MSR) CFC’s MSR services $1.48 trillion in mortgages and the cash flow alone is 7.5 billion/month (using 6% avg interest rate – my be higher/lower) (9million mortgages)

Even with a .5% service fee, the annual service fee is 440 million or npv of about 9.8 billion – scale the .5% up or down to get a better idea of the real value of the loan processing – somewhere between 5 and 10 $billion before losing a two million customers to foreclosure.

Yes there can be some real losses in the loan portfolio, but the loan servicing may be worth what BofA is paying. Iam holding my BofA shares.

[bubba99]

B of A may be getting a bargain in CFC’s mortgage servicing rights(MSR) CFC’s MSR services $1.48 trillion in mortgages and the cash flow alone is 7.5 billion/month (using 6% avg interest rate – my be higher/lower) (9million mortgages)

Even with a .5% service fee, the annual service fee is 440 million or npv of about 9.8 billion – scale the .5% up or down to get a better idea of the real value of the loan processing – somewhere between 5 and 10 $billion before losing a two million customers to foreclosure.

Yes there can be some real losses in the loan portfolio, but the loan servicing may be worth what BofA is paying. Iam holding my BofA shares.

[bubba99]

B of A may be getting a bargain in CFC’s mortgage servicing rights(MSR) CFC’s MSR services $1.48 trillion in mortgages and the cash flow alone is 7.5 billion/month (using 6% avg interest rate – my be higher/lower) (9million mortgages)

Even with a .5% service fee, the annual service fee is 440 million or npv of about 9.8 billion – scale the .5% up or down to get a better idea of the real value of the loan processing – somewhere between 5 and 10 $billion before losing a two million customers to foreclosure.

Yes there can be some real losses in the loan portfolio, but the loan servicing may be worth what BofA is paying. Iam holding my BofA shares.

[bubba99]

B of A may be getting a bargain in CFC’s mortgage servicing rights(MSR) CFC’s MSR services $1.48 trillion in mortgages and the cash flow alone is 7.5 billion/month (using 6% avg interest rate – my be higher/lower) (9million mortgages)

Even with a .5% service fee, the annual service fee is 440 million or npv of about 9.8 billion – scale the .5% up or down to get a better idea of the real value of the loan processing – somewhere between 5 and 10 $billion before losing a two million customers to foreclosure.

Yes there can be some real losses in the loan portfolio, but the loan servicing may be worth what BofA is paying. Iam holding my BofA shares.

[kewp]

Could it be that China and Saudi has some other motives or intentions?

I often wondered this. They stop buying treasuries, collapse our economy then buy up the majority of US companies for pennies on the dollar.

They could even send over their own people to run them, as there will be plenty of empty houses to put them in!

[kewp]

Could it be that China and Saudi has some other motives or intentions?

I often wondered this. They stop buying treasuries, collapse our economy then buy up the majority of US companies for pennies on the dollar.

They could even send over their own people to run them, as there will be plenty of empty houses to put them in!

[kewp]

Could it be that China and Saudi has some other motives or intentions?

I often wondered this. They stop buying treasuries, collapse our economy then buy up the majority of US companies for pennies on the dollar.

They could even send over their own people to run them, as there will be plenty of empty houses to put them in!

[kewp]

Could it be that China and Saudi has some other motives or intentions?

I often wondered this. They stop buying treasuries, collapse our economy then buy up the majority of US companies for pennies on the dollar.

They could even send over their own people to run them, as there will be plenty of empty houses to put them in!

[kewp]

Could it be that China and Saudi has some other motives or intentions?

I often wondered this. They stop buying treasuries, collapse our economy then buy up the majority of US companies for pennies on the dollar.

They could even send over their own people to run them, as there will be plenty of empty houses to put them in!

[Author]

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