Investors Forum |
A community of New Zealand investors |
01-14-2008
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#1 (permalink) |
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Senior Member
Join Date: Dec 2006
Posts: 35,576
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Lifeline for floundering Countrywide
Bank of America will buy battered mortgage lender Countrywide Financial for US$4 billion, a move that could avert one of the biggest collapses from the United States housing crisis.The purchase marks another major but risky acquisition...
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