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View Diary: Yves Smith’s Devastating Takedown Of BofA’s Not-So-Independent Foreclosure Review, Part I of V (87 comments)

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  •  You got it - everyone HAD to know that (1+ / 0-)
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    elwior

    Countrywide was bankrupt. They were all packaging CW mortgages, and could see whose mortgages failed most quickly.  All the big banks knew what was going on.

    The BofA purchase was cover not only for CW, but also cover for BofA BS (I'm convinced).

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