BillCust

Bank of America Invests $2B in Countrywide: Who Wins?

In my opinion BAC will most likely make very little money in return for a sound guarantee of losing none of its previous investments with Cwide. The 30% capacity is about right: I calculated that at 30% current rate of "burn" that combined 13B might last them 4 weeks. The question is since they have 65,000 people would they rather keep 100% resources for 30% utilization, or a really massive workforce adjustment is in the works? Keep in mind the US adds a net 100k job monthly these days, so that number if done in a day is huge. One last thing, don't you all see the irony of it all? Cwide gets a subprime loan from BAC. Hahahaha.