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Bank of America buys Countrywide by grzbear ..... Politics Debate Forum

Date:   1/11/2008 10:13:25 AM ( 17 y ago)
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URL:   https://www.curezone.org/forums/fm.asp?i=1083371

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Moving towards global government or global ownership?

US banking giant, Bank of America, is to take over the country's biggest mortgage lender, Countrywide Financial, in a $4bn (£2.04bn) deal.

Analysts said the deal was a lifeline for Countrywide, which was rumoured to be close to bankruptcy.

the rest...


http://news.bbc.co.uk/2/hi/business/7183221.stm



 

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