August 22, 2007Hot off the press!
Bank of America just announced that they will be making a $2 billion investment into Countrywide Financial.
Wall Street Journal is said to have “broken” the news. Expect the stock and bond markets to be pretty happy about this tomorrow.
Bank of America will purchase $2 billion worth of preferred Countrywide stock [...]
Posted in Countrywide Financial, Stock Market, Subprime, US Treasuries 
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