Lost in the tsunami of bail-out failure,Wachovia gave up the ghost. Wachovia now joins Countrywide and WaMu as the big three option arm originators now become three of the biggest financial failures of all time. If this looks familiar to any posts you may have read here at BHB,including those on The Mortgage [...]
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I posted the following back in July and with WaMu going down it seems like a good time to bring it back to the top. If there is any confusion as to who is going down and why,make a point of clicking the link on the “accounting debacle”. It goes to a post from [...] And the beat goes on…but sometimes it helps to have that little bouncing ball show us exactly what lyric we are singing this week. All together now: Today the Fed suprised no one by opening the discount window to ailing siblings:Fannie Mae and Freddie Mac. Together they hold more than half of all [...] | |||
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