Holding Bank of America (BAC) liable for its now-subsidiary Countrywide Financial Corp., which allegedly hid problems with billions of dollars worth of mortgage-backed securities insured by MBIA Inc., will scare off financial firms from ever rescuing distressed companies, the bank told a New York state judge.
“Enormously dangerous step” to hold BofA liable for Countrywide
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Why are existing home prices rising when sales are still so low?
Existing home sales fell in today’s report, but home prices are still up year over year, even with higher inventory and higher mortgage rates.
