Here's another interesting news piece from 60 Minutes about the current state of our financial markets. It is an interview with B of A CEO Kenneth Lewis where he discussed the $25billion that they received last week from the US Government as the first part of the bailout. It is interesting to note that 50% of American's do business with a B of A company (B of A, Countrywide, MBNA, Merrill Lynch). He claims the cash infusion will "jump start lending." He is "guessing" that we will see the bottom of the housing market around the middle of next year. Please watch and let me know your thoughts.....
Watch CBS Videos Online
Chris Brown | Certified Mortgage Planners - Orlando, FL
Chris Brown 407.367.2974
it seems like a good vid... got about 3 minutes in and had to bail... [no pun intended]
lol
chris
Oct 20, 2008 02:05 AM
AAM Capital - Chattanooga, TN
The MultiFamily Expert
Worked there at BOA for about 19 years. Some real brilliant people. Better keep and eye on your wallet.
Oct 21, 2008 04:44 PM
Rainer
27,290
27,290
Todd Bookspan, MBA
Senior Mortgage Consultant
Comments(2)