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Loan Modification

: Mortgage Lender Implode-o-Meter

BofA?s Got a Brand New Board

By Implode-Explode Heavy Industries

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" With its balance sheet still bearing fresh ink from the recent Countrywide Financial and Merrill Lynch acquisitions, BofA seemed to represent the exception to the government stress test. Arguably the largest US bank still standing, it also took one of the largest capital injections from the US Treasury Department ? a total $45bn ? and was found to be lacking the most capital of all banks tested."

Full post as published by Mortgage Lender Implode-o-Meter on June 08, 2009 (boomark / email).

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They should have lasted at least a month

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