Bank of America is the Smart Money on Countrywide
Read the full article: http://www.princeofwallstreet.com/2008/01/17/bank-of-america...
Article about why Bank of America's purchase of Countrywide will be a great investment. Bank of America will endure some short-term pain because of Countrywide's mortgage portfolio but the long-term benefits of gaining Countrywide's market share, infastructure, network, and distribution are larger. Furthermore, Countrywide will be poised to capture more mortgage market share as smaller/specialist originators exit the space or go bankrupt.
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