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It is my humble opinion that if CFC had a 'good' reputation, then the deal would make sense.
Mar 06 10:59 am
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All Comments by Kostya Tszyu's right hand »Will BofA Really Buy Countrywide? [View article]
It doesn't, thus it doesn't.
Perhaps BAC is simply angling for the mortgage servicing rights of a soon-to-be defunct CFC?