seriously ?

BofA Left to Clean Up Countrywide's Mess

It seems to me that BAC would have had an idea of what they were getting into. I hope I am right. It seems like they would have a much better idea of what they were doing than speculators looking on from the outside.

Again I hope I am right because there doesn't seem to be a clear way of knowing what BAC is getting into. Maybe they are getting an incredibly good deal, or maybe untold debt ?

BAC is getting hammered right now and I am betting that they are in a better situation than JP , CITT due to less exposure ergo the sector is just very unpopular right now so BAC might be a very good deal for the long-term investory.