Just as Bank of America was winning approval to take ownership of Countrywide, Illinois and California filed lawsuits against the mortgage lender for allowing borrowers to take on loans beyond their means.
Jeff Tyler reports.
Troubled borrowers focus of BofA deal
The Federal Reserve is holding hearings in L.A. on Bank of America's planned acquisition of troubled mortgage company Countrywide. Fair-lending...
Did poor minorities cause the crisis?
Cable TV has been airing nonsense about unqualified borrowers who got loans as a form of economic affirmative action. Such baiting tactics belong...
States can't get loans either
Businesses aren't the only ones squeezed by the credit crunch. State governments rely on short-term loans to keep services running. Jeff Tyler...
McCain mortgage plan shifts costs to taxpayers
Under a mortgage rescue plan announced at the debate Tuesday night by Senator John McCain, much of the burden of paying to keep troubled borrowers in...
Third quarter looking bad for banks
Bank of America CEO Ken Lewis says he hasn't seen such difficult conditions for banks in his 39 years in the business. Ashley Milne-Tyte reports on...
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