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Take a look at today's news. The Fed gives away money to the Bank of America.....then the Bank of America loans the money to Countrywide to bail them out of their problems with subprime mortages. Course, the Fed could have bypassed the middle-man and simply said it was bailing out subprime mortages but that might make the public mad and besides there are commission$$$ to be paid each time a Fed dollar changes hands.
Speaking of BoA, they inticed me into a line of credit. They wanted to double the amount I was willing to accept. Then, apparently they announced they had a lien against my property for the full amount although I never used the line of credit and when I asked them to reduce the line of credit by 90%, they refused. Wonder Why?
Last edited by TampaFla; 08-23-2007 at 08:46 AM..
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