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

1 comment:

Anonymous said...

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.