Does anyone know what happen a few weeks ago beside the Federal Bank of America?
My economics mentor needed us to find out, I don't know if it's something drastic or not.
Answers:
okay Bank of America give some to a mortgage company
call Countrywide.. as they be contained by big trouble (almost went
bankrupt)
(you could speak B of A bailed them out) but presently B of A
also owns some percent of countrywide
In England we have a report that a amount of US homeowners be unlikely to be capable of services their loans. This cause a run at the stock exchange and the significance of shares fell. Because of this one and the same drip happen surrounded by England. Whenever in attendance is a crisis of this variety, the stock market carry edgy and highest institutions go shares bringing down the price. Therefore, the bank that lent the money are worth smaller amount than since they announced the problem. As so lots countries are related economically, it hits everyone at world horizontal not newly the US.
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Answers:
okay Bank of America give some to a mortgage company
call Countrywide.. as they be contained by big trouble (almost went
bankrupt)
(you could speak B of A bailed them out) but presently B of A
also owns some percent of countrywide
In England we have a report that a amount of US homeowners be unlikely to be capable of services their loans. This cause a run at the stock exchange and the significance of shares fell. Because of this one and the same drip happen surrounded by England. Whenever in attendance is a crisis of this variety, the stock market carry edgy and highest institutions go shares bringing down the price. Therefore, the bank that lent the money are worth smaller amount than since they announced the problem. As so lots countries are related economically, it hits everyone at world horizontal not newly the US.