Taibii on the Grand Mortgage Putback Bargain
August 24, 2011 12:53 PM Subscribe
The consensus is that the administrator is asking for a paltry $20bn on a fraud vastly dwarfing the S&L crisis. Banks are likely to balk at the figure. Read here.
Eric Schneiderman, the New York Attorney General, is holding out from affording unilateral consent amongst the government (only state to hold-out). In the advent that the parties cannot reach a settlement, a litany of lawsuits will likely arise, necessitating serious capital for the banks...Queue BAC, which has been getting hammered in the markets for the last few weeks. Discuss!
Eric Schneiderman, the New York Attorney General, is holding out from affording unilateral consent amongst the government (only state to hold-out). In the advent that the parties cannot reach a settlement, a litany of lawsuits will likely arise, necessitating serious capital for the banks...Queue BAC, which has been getting hammered in the markets for the last few weeks. Discuss!
This post was deleted for the following reason: this is confusing to people and written sort of oddly. If it's a neat thing you found on the web you may need to present it more like that. -- jessamyn
I think this goes beyond being a mystery meat post. It's like mystery meat wrapped in enigma bread with a garnish of riddle.
posted by never used baby shoes at 12:59 PM on August 24, 2011 [1 favorite]
posted by never used baby shoes at 12:59 PM on August 24, 2011 [1 favorite]
While read post yours, my rip out brain and stomping and stomping in it while read again yours post.
posted by Behemoth at 12:59 PM on August 24, 2011
posted by Behemoth at 12:59 PM on August 24, 2011
Jigglypuff, motherfuckers! What do you not Jigglypuff about that?
posted by Mister_A at 1:02 PM on August 24, 2011
posted by Mister_A at 1:02 PM on August 24, 2011
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I'm not sure that this post is written in English. I had to read it three times before I was sure that I wasn't having a stroke. I'm still not totally sure.
posted by Avenger at 12:57 PM on August 24, 2011