Relevant:
- Wells Fargo, JPMorgan Label More Junior Liens as Bad Assets
- Fed Proposes Big Banks Hold More Cash, Assets
- JPMorgan, Wells Fargo and BofA each hold more than $20 billion in foreclosures
- 2nd Mortgage Holders (Banks) Now to be Bailed Out Too - Breaking!
- Govt’s Loan Mod Program Crippled by Lax Oversight and Deference to Banks
2010-03-24 — reuters.com
``It’s easy to understand why the banks are kicking the issue down the road. According to Amherst Securities, of $1.05 trillion in outstanding second liens, commercial banks hold $767 billion. Bank of America, Citigroup, JPMorgan and Wells Fargo alone hold $442 billion of them.''
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