About this episode
THE MORTGAGE foreclosure scandal is taking on epic proportions: the New York Federal Reserve Bank has joined a consortium that's pressuring Bank of America to buy back bad mortgages that were packaged into $47 billion worth of bonds sold by Countrywide Mortgage, now a part of BoA. Meanwhile, Bank of America has sued the FDIC over alleged fraud by a failed lender that BoA says double and triple-pledged mortgages on Mortgage Backed Securities.
How does this all play out? We have no idea, but it doesn't look good. Abbot and Costello illustrate how this whole thing happened in the first place.
Also: a look back at the Pied Piper of Hamelin.
How does this all play out? We have no idea, but it doesn't look good. Abbot and Costello illustrate how this whole thing happened in the first place.
Also: a look back at the Pied Piper of Hamelin.
Get every episode summarized
Each time PID Radio publishes, we email you a written briefing from the transcript — the topics, who appeared, and any specific claims, with the ad reads skipped.
Email me new episodesFree for 3 shows. No card needed.
Hosts & guests
No transcript yet
This episode has not been transcribed. Request it and it moves to the front of the queue.
More episodes
