When mortgages go bad - Los Angeles Times

Story date: 2008-07-11 11:21:00
Added on: 2008-07-11 16:00:58

The precipitous decline in the housing market handed Countrywide Financial to Bank of America on a platter, allowing the latter to buy more than $200 billion worth of Countrywide assets for $2.5 billion in stock. Still, skeptical investors have ...


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