Topic: Ken Lewis (Executive)

Loose Change: 4/30/09

Your WaMu debit card will stop working on June 1. [WSJ] -Credit counselors receive support and money to help consumers dig out of mortgage or credit-card debt. Some mortgage companies are going after homeowners for some or all of the difference between ...
I'm a huge fan of Tanta, but I think she's either being far too dismissive of Illinois attorney general Lisa Madigan's lawsuit against Countrywide, or else she's being faux-naive. This case is a very big deal for Angelo Mozilo, for Countrywide (CFC), ...
The really big change, I think, is that Ken Lewis has explicitly stated that a BofA-owned Countrywide will not make any subprime loans. And for everybody else, less competition in the mortgage-origination sector is likely to mean higher mortgage prices. The combined ...