Eavesdropping on Business-Speak, by John Stodder
The banks who so helpfully loaned money to unqualified buyers are suddenly feeling house-poor themselves, says City Journal’s Nicole Gelinas in the Wall Street Journal.
(S)ome borrowers, even those who can theoretically afford to keep their homes, realize they owe much more than what comparable houses in the neighborhood are selling for — […]
Let’s do a quick tour of what’s being said about Bank of America’s purchase of Countrywide.
The press release is always a good place to start. What do the principals want you to think? What are they willing to say in the face of all evidence to the contrary? First, the lede:
Bank […]
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