2012-10-26 — nytimes.com
When Bank of America bought Countrywide Financial, the subprime lending specialist, it initially paid $4 billion.
Some analysts have pegged the true financial toll -- including write-downs, legal expenses and settlements -- at upward of $40 billion.
The costs threatened to widen further on Wednesday, when federal prosecutors in New York sued Bank of America over a mortgage program it inherited from Countywide.
source article |
permalink |
discuss |
subscribe by:
|
RSS |
email 
Comments: Be the first to add a comment
add a comment | go to forum thread
Note: Comments may take a few minutes to show up on this page. If you go to the forum thread, however, you can see them immediately.