Rashi

BofA/Countrywide Merger Arbitrage Opportunity

You echoed my sentiments, Richard.

Borrowers had a choice before they signed mortgage documents. No one put a gun to their heads or had them sign under the influence of anesthetics.

Interest rates had already bottomed out quite a bit. Did they expect the interest rates to become zero? For heaven's sake can we so easily forget that 'we' as borrowers are a cause in the matter.