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Bank Of America To Buy Countrywide

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Actually I think this line says quite a bit too:

The acquisition will allow BofA to expand its mortgage business to match its breadth in credit cards.

More likely that it will mean it's cc business will soon match it's mortgage business (before the acquisition)


Edited by bobthe~
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Something is very wrong indeed when a goverment needs to start buying up banks to keep them going and the sad thing is it's with our money and no one asked us.

It's my understanding that the law prevents goverments giving aid in this way but i guess brown will spin it that buying NR is a fantastic opertunity to make the UK richer.

I'm voting for the MAFIA as i think they have more brains and we would have more freedom.

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