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Tag: Merrill Lynch

The Deal That Cost Bank of America $50 Billion – and...

Bank of America’s mortgage business has lost more than $50 billion since the Charlotte bank bought Countrywide Financial for $2.5 billion, according to an...

Why Bank of America Probably Won’t End Up Actually Paying $17B

How much will Bank of America’s expected US$17 billion mortgage settlement cost the company? The answer is, almost certainly not that much. In mega-settlements negotiated...

In a Bank Settlement, Don’t Forget the Bulldozers

A win-win. That’s how people on both sides of the negotiating table will undoubtedly characterize the long-awaited, $16 billion-plus mortgage settlement that Bank of...

Merrill Lynch Reduces Housing Forecast for 2014

From Michelle Meyer at Merrill Lynch: Will April showers bring May flowers? We have all been waiting for the weather to unleash stronger economic...

Are All Subprime Mortgages Predatory Loans?

Subprime mortgages are typically loans with tough terms and high rates. So does this mean all subprime loans are examples of predatory financing? In...

Big Idea 2014: Stop Fighting, Start Fixing

Maybe, just maybe — assuming strong leadership — we can finally start to put all of this divisive and mostly unproductive arguing and vilifying...

The Man Who Took On Merrill

“I’ll give you as much time as you want,” George McReynolds drawls, leaning back in his chair in his Nashville office. That, he says,...

How General Motors Was Really Saved: The Untold Story

For months the news was horrific, a pounding beat of warm-up obituaries for what once had been America’s greatest and most influential corporation: General...

Required Reading: After the Meltdown

n the fall of 2008, the U.S. economy nearly collapsed thanks to an unprecedented wave of mortgage foreclosures. In “After the Meltdown — Where...

Analyst Says QE and Housing Policy Boosting Inequality

Anyone surprised by the housing recovery is simply blind to the context that the Federal Reserve has administered a bazooka full of aid and...