Bank of America to buy Countrywide for $4.1 billion in stock

Full story: South Florida Sun-Sentinel

Bank of America said Friday it will buy Countrywide Financial for $4.1 billion in stock, a deal that rescues the country's biggest mortgage lender and expands the financial services empire of the nation's ...
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1 - 8 of 8 Comments Last updated Jan 11, 2008
MOJO

Hollywood, FL

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#1
Jan 11, 2008
 
THIS DEAL MAKES NO SENSE.WHY A BANK WOULD BUY A COMPANY THAT HAS LOST BILLIONS.
GET READY AS BANKS WILL MERGE WITH ONE ANOTHER TO STAY AFLOAT.
nice

Austin, TX

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#2
Jan 11, 2008
 
more bank consolidation. Yippe.

www.return-policy.com
Rodak

Fort Lauderdale, FL

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#3
Jan 11, 2008
 
It will be funny if this acquisition pulls BofA itself into bankruptcy.
Crook buys crook

Miami, FL

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#4
Jan 11, 2008
 
Another crooked bank buys another one out. Now the monopoly will continue.

Bank of America does not have the best interest for the people of America - how ironic is that? Look at their past 5 year record dealings with mortgages and credit cards.
Funny Guy

United States

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#5
Jan 11, 2008
 
Will I still get a toaster with my new savings account?
Tim

Fort Lauderdale, FL

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#7
Jan 11, 2008
 
BoA will hound those defunct CountryWide homeowners to the end's of the Earth for every penny they've got.

With any luck BoA will go bankrupt.

P.S. BoA already poured 2B$ into CW, that's long gone. I say it's poetic justice.

“Beyond all comprehension”

Since: Dec 06

The Moon

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#8
Jan 11, 2008
 
Crook buys crook wrote:
Another crooked bank buys another one out. Now the monopoly will continue.
Bank of America does not have the best interest for the people of America - how ironic is that? Look at their past 5 year record dealings with mortgages and credit cards.
I left BOA because they were to suck .
Now they're back .
WTF
Truth

Pompano Beach, FL

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#9
Jan 11, 2008
 
Tim wrote:
BoA will hound those defunct CountryWide homeowners to the end's of the Earth for every penny they've got.
With any luck BoA will go bankrupt.
P.S. BoA already poured 2B$ into CW, that's long gone. I say it's poetic justice.
But be 1 day late on your credit card payment, and they will hound you forever!!

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