Friday, April 15, 2011

BofA Chief Says More Foreclosures Inevitable as Repeated Defaults Top 50%

Its hard to believe these guys are not in jail!

“We’re reaching a point where some customers will be dealing with the reality that despite the myriad programs and the best efforts of everyone in this room, and of our teammates working with these customers, foreclosure may be unavoidable,” Moynihan said today during a speech to state attorneys general in Charlotte, North Carolina."

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