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kkin365's
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While reading the aforementioned WSJ article, I was puzzled that a company can buy another's assets -- in toto, as it were in Countrywide's case -- without assuming the latter's liabilities. After the latter is folded, where can a creditor seek remedy? Is this a typical instance of capitalism?
Jan 12 09:33 am
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All Comments by kkin365 »BofA May Acquire Legal Headaches Together With Countrywide [View article]