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Countrywide

Discussion in 'Money & Finance Forum' started by meatpile, Jan 10, 2008.

  1. Jan 10, 2008 at 3:05 PM #1
    meatpile

    meatpile 7-9

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  2. Jan 10, 2008 at 3:14 PM #2
    VA49er

    VA49er Full Access Member

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    Rumors flying about a BofA takeover.
     
  3. Jan 11, 2008 at 8:33 AM #3
    VA49er

    VA49er Full Access Member

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    Done deal?
     
  4. Jan 11, 2008 at 8:49 AM #4
    vpkozel

    vpkozel Professional Calvinballer

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    Yes. $4 billion in stock.

    Looks like it's going to be a very interesting year for me.
     
  5. Jan 11, 2008 at 9:15 AM #5
    VA49er

    VA49er Full Access Member

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    At least they got it cheap!



    There's a reason for that though.
     
  6. Jan 11, 2008 at 11:38 AM #6
    Freakshow

    Freakshow Fuck you guys.

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    Wonder if they shut down Countrywide's wholesale operations...biggest part of Countrywide. BofA shut their's down about 6 months ago.
     
  7. Jan 11, 2008 at 12:42 PM #7
    VA49er

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    Countrywide has already stopped selling its most profitable product, subprime. This is going to be interesting. Moodys has already said it is going to review BofA for a possible downgrade due to the CW purchase.
     
  8. Jan 11, 2008 at 3:16 PM #8
    VA49er

    VA49er Full Access Member

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    Ain't this some shit?

    BofA's awesome Countrywide tax break
    Brace yourselves, taxpayers of America. You're going to help Bank of America finance its $4 billion buyout of Countrywide

     

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