BrettEllis

Will BofA Really Buy Countrywide?

I think Bank of America understands that Countrywide can orginate laons better than anyone, and also the fact that by generating loans, Countrywide can significantly assist BOA in bringing more asset deposits, as well as serving ancillary related core business strategies from within BOA. BOA has ha their eye on Countrywide for 10 years, and they finally got their chance to buy at bargain basement prices, even if they do suffer some losses. It is less expensive than paying the old share price.