Bank of America's Big Mistake-- We told you so in 2008

"Buying Countrywide was a gutty move," said Donald Hodges of Hodges Capital Management in Dallas, which oversaw $1.1 billion including 39,000 Bank of America shares as of Sept. 30. "The whole concern about housing and the economy has been greatly exaggerated."

We here at Doom had a different opinion and said that the deal came straight from the Braver or dumber than I am Department. Now Bank of America has realized what was obvious to a couple of minor league bloggers three years ago-- this was a REALLY BAD IDEA.