Tuesday, August 28, 2007

What a farce, BOA is paid to invest in Countrywide.

Just happened to read this article on Bloomberg dated Aug. 24 - Bank of America Corp's (BOA) sweetheart deal in return for its $2 billion investment in Countrywide Financial Corp. It helps being a cash rich white knight .
OK, I am green-eyed and I am clearly not Warren Buffet. But read this article on Bank of American deal its 'saving' in Countrywide is clearly in the favor of BOA of course.

No comments: