Mindstorms2002

BofA Left to Clean Up Countrywide's Mess

In addition to the mortgage servicing business, there are other assets within CFC that can be readily sold (i.e. P&C business) for considerable dollars. As for the FHA Housing Stabilization and Homeownership Retention Act of 2008, Congress will easily override any veto from Bush. Finally, and optimistically, the early $2B could be considered call premium for time to do due diligence and make a decision.