C and BAC buying mortgages
I read that C and BAC were buying up bad mortgages at .30 on the dollar! Good plan? Bad plan? There is support for both sides.
Bad plan. Devastating, actually:
http://finance.yahoo.com/tech-ticker/article/218286/One-Small-Problem-with-Geithners-Plan:-It-Will-Bankrupt-the-Banks
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