Bank of America (BAC) - whose purchase of Countrywide amid the housing collapse came just a bit...


Bank of America (BAC) - whose purchase of Countrywide amid the housing collapse came just a bit early - emerges as one of the biggest buyers of assets from deleveraging EU banks, buying at least $9.44B of loans over the past year.

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Comments (5)
  • Mike Maher
    , contributor
    Comments (2860) | Send Message
     
    Strange this news comes out now, when purchases by the likes of Blackstone and Wells Fargo make news when the actual purchase happens.
    10 Dec 2012, 10:58 AM Reply Like
  • DeepValueLover
    , contributor
    Comments (11168) | Send Message
     
    BAC is buying these loans for pennies on the dollar. Good for them!
    10 Dec 2012, 11:49 AM Reply Like
  • BILLWMBAYER
    , contributor
    Comments (5) | Send Message
     
    Not sure what this means? Can Mex respond?
    10 Dec 2012, 11:52 AM Reply Like
  • MexCom
    , contributor
    Comments (3069) | Send Message
     
    I read it. No new news is good news. Beating up BAC by repeating "bad" news means that the shorts are scared. This is very bullish.
    10 Dec 2012, 04:31 PM Reply Like
  • JamesChessing21
    , contributor
    Comments (133) | Send Message
     
    Will boost earnings and can be used to offset permitted built up tax losses at ML London...good news
    11 Jul 2013, 10:06 AM Reply Like
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