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(Yahoo) Spiffy BOA turns a profit by selling parts that don't fit its model. Will rename company "Foreclosures я Us"   (finance.yahoo.com) divider line 4
More: Spiffy, Bank of America, The Market, Walnut Creek, Hongkong Chinese Bank  
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804 clicks; posted to Business » on 19 Jan 2012 at 9:09 AM   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»   |    Get this fabulous T-Shirt and impress the methane out of your friends! shirt it!



4 Comments   (+0 »)
   
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BumpInTheNight
2012-01-19 09:40:10 AM
What do souls go for these days any ways?
 
LL316
2012-01-19 12:57:22 PM
If they sold the parts that had anything to do with home lending they'd have a heck of a lot bigger profit.
 
ddam
2012-01-19 01:10:01 PM
LL316: If they sold the parts that had anything to do with home lending they'd have a heck of a lot bigger profit.

They are selling those too as much as they can. They are selling the servicing rights of millions of loans. The only reason why they can't sell the loans outright is that nobody wants to buy them at the face value and they'd lose too much selling them at market price.
 
HotIgneous Intruder
2012-01-19 05:09:14 PM
Going forward, repayment of my student loans simply does not fit my business model at this time.
 
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