Wednesday, March 12, 2008
Bank of America and Countrywide Deal in Trouble?
I hate to be the bearer of bad news, but it seems there might be a problem here. Does B of A really want all the liability that is coming from Countrywide? I personally blame Countrywide for a lot of the problems going on in the mortgage industry, and quite frankly the economy. They gave many people loans that should of never gotten them. Here is a spot from Jim Cramer on his views on the B of A merger with CW. He makes an ominous comment about one and a half minutes into his thing. Enjoy. http://www.thestreet.com/video/10406994/index.html#10406994
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1 comment:
Bank of America will go to zero. Sell your stock and keep your deposits under the FDIC level. They have no idea what they are buying with Merrill Lynch.
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