Why the Countrywide deal works
By on Jan 11, 2008 in Real Estate
Bank of America’s $4 billion deal to rescue Countrywide Financial is getting decidedly mixed reviews from Wall Street. Investors fret that CEO Ken Lewis is overpaying for a ruined franchise to save face, following his ill-timed $2 billion investment in Countrywide late last year.
Original post by Technology news - Business 2.0 Magazine
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