rj_gordon40

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Sun Jul 20th 10:56 AM | Rating: 0 0
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Earnings Preview: Bank of America

I am a senior who invested in preferred stocks with countrywide capital.At the time,all I knew was that countrywide was the largest mortgage lender in the u.s.a. and it seemed like a safe investment.this income adds to my social security.I'm sure there are many more people in the same boat with countrywide.If BaK claims bankruptsy on countrywide debt which it sounds like they have been planning from the beginning,what kind of message does this send to investors?Very few large companies have done this in the past.If this acts as the future inspiration to large companies,no one will want to hold preferreds or bonds,for fear that any company that purchases another will just put their debt into bankruptsy.Seems to me that this is premeditated and should not be legal,and what about other companies and individuals that have invested in BaK bonds and preferreds.why doesn't BaK just dump them too.where does this end.Bring on the lawsuits.they deserve it if this is their intention.
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