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maxgold

10/25/07 12:21 PM

#616 RE: Spellbound #614

No one is interested in another scam like the new $100 billion "Bankers Bankruptcy Fund". All that does is provide the over-extended and under-capitalized investment banks another chance to dump their poisonous Mortgage-backed slop on the gullible public.
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Is this a scam too?>>>
The nation's biggest mortgage lender, Countrywide Financial Corp., whose aggressive subprime lending has made it the poster child of the nation's housing tribulations, announced Tuesday it will offer 82,000 customers a chance to adjust their mortgages and avoid potential foreclosure.