BofA and Countrywide: Worst. Deal. Ever?

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At one time Bank of America thought it was picking up Countrywide Financial for the bargain price of $2.5 billion. WSJ's David Benoit stops by Mean Street with figures indicating the purchase might be the worst deal ever made. Photo: Getty Images.

More from the Wall Street Journal:

  1. The Wall Street Journal
  2. BofA
  3. Bank of America
  4. Countrywide Financial
  5. Countrywide
  6. mortgage
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Why does Countrywide change loan numbers and not have paper documents to show the county recorders office with its controversy with bank of America loans?

alltheparadoxesofliifeinc.
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Ken Lewis was a chump. He only cared about Ken Lewis. He was the definition of the "Peter Principle", elevated to a level where he could not perform.

ferraridan