While BofA (BAC) paid just $2.5B to buy Countrywide four years ago, the deal has since cost the...

|About: Bank of America Corporation (BAC)|By:, SA News Editor

While BofA (BAC) paid just $2.5B to buy Countrywide four years ago, the deal has since cost the bank over $40B in real-estate losses, legal expenses and settlements with state and federal agencies, the WSJ reported on Friday. BofA could face further legal liabilities $5B as lawsuits rage across the country.