Bank of America to buy Countrywide

August 12th, 2009

Jan. 11 – Bank of America’s plan to buy battered home lender Countrywide Financial could prevent the credit crisis from getting worse. The elimination of the possibility that Countrywide, America’s largest independent home loan company, could go bankrupt and flood an already stressed market with more loans, “takes out a major point of uncertainty in the industry”, one analyst told Reuters.

Conway Gittens reports from New York.

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11 Responses to “Bank of America to buy Countrywide”

  1. Comment by pig5689

    BOA s. Stealing …
    BOA s. Stealing the savings & incomes of millions of hard-working families to quench their greed & for cash. While running their companies into the ground & destroying innocent families they’re rewarded with disgusting whore-bonuses. All execs need to quit before the SEC seizes their ets & sends them to prison for fraud.

  2. Comment by IBMeddling

    Warning … Bank of …
    Warning … Bank of Amerca charged me a credit card anual fee even though they cancelled my account.

  3. Comment by mlafon25

    Bank of america is …
    Bank of america is better! #1 best service

    they are bigger and world wide bank. elso i feel more safer with them then a credit union.

  4. Comment by iamauscitizen

    The SUB PRIME LOANS …
    The SUB PRIME LOANS which caused this crisis in the Mortgage Industry are always in the HISPANIC COMMUNITY across the country. Who is responsible for giving the SUB PRIME LOANS TO MAJORITY HISPANIC PEOPLE?Why is PRESIDENT BUSH allowing OUR TAX DOLLARS to rescue peoples’ homes who have NO SOCIAL SECURITY NUMBER!HOW can you tax or track a homeowner who has NO SOCIAL SECURITY NUMBER OR EIN NUMBER?I have a right to know.I am a US CITIZEN.I am tired of giving ILLEGAL ALIENS ANOTHER free ride!!

  5. Comment by 325i1

    Fucking STupid
    ing STupid

  6. Comment by KARStarla

    I would never do …
    I would never do business with Bank of America, ever have a credit card with them? I ought to thank them (really) cause I will never own credit card again because of them…Though its funny theres a youtube video here that shows what he went through with them, its comforting I’m not alone concerning my experience with them

  7. Comment by SuperBadBrains

    WHo controls the …
    WHo controls the money Supply? The FED. Who owns the FED? NOT the government, ITS A PRIVATE COMPANY!! And not subject to ANY accounting regulations. Watch Money Masters

  8. Comment by dave98503

    to the guy down …
    to the guy down below…maybe i will write a book. thank you.
    also…some people would flood the toilets and put all the toilet paper in there for no reason. some real nuts worked there.
    it must have been more than just one person doing it…because people working there would see it in both bathrooms during the day and night shifts.

  9. Comment by alanhowitzer

    Write a book
    Write a book

  10. Comment by dave98503

    I worked in the CW …
    I worked in the CW branch of the west SF Valley.
    The hired ghetto women from mid valley with no background checks. Some committed past crimes, were lazy, argumentative, always angry, did not like to work, and threw McD’s wrappers in the home loan files and would sometimes lose the funded files of home loans. They did not give a rats in that Countrywide file room. I was there 4.5 years. I have only said 1% of what I witnessed.

  11. Comment by dave98503

    I worked in the CW …
    I worked in the CW branch of the west SF Valley.
    The hired ghetto women from mid valley with no background checks. Some committed past crimes, were lazy, argumentative, always angry, did not like to work, and threw McD’s wrappers in the home loan files and would sometimes lose the funded files of home loans. They did not give a rats in that Countrywide file room. I was there 4.5 years. I have only said 1% of what I witnessed.