Crisis may make 1929 look a 'walk in the park'

[Milton Bradley]

Quote by: Zeebadee One reason only: BofA believes that they can make money from the deal.

Plus if they manage to turn it around, or secure a bail out, it'll be a nice move towards further consolidating the market, and the profits. The money ends up if fewer, and fewer hands.

[Rainbow]

Quote by: Milton Bradley Plus if they manage to turn it around, or secure a bail out, it'll be a nice move towards further consolidating the market, and the profits. The money ends up if fewer, and fewer hands.

It looks the finance and economy go together, this time.
How BOA is going to manage and/or withstand it, that is the only question.

[rmnunez]

I find no fault in BofA seeking a profit, what would disturb me would be to find they made the purchase for some other reason.

The housing market difficulties have a lot to do with speculation fueled by easy credit terms. Restricting access to financing for those enormous mortages will dry-up the market and halt the rise in housing prices. This would seem like good news, except that it will be more difficult and expensive to secure a mortgage.

I don't think we are witnessing the advent of the mother of all depressions and collapse of capitalism, its a market adjustment, tighter credit, smaller market, lower profits on resale.