BofA-Countrywide Deal Not Merger, But Split

All their current problems arise out of the tanking of their banking business, since investors no longer have the confidence to make deposits, or even keep existing deposits with Countrywide...So what should be the solution? Seperating their mortgage business, which is basically sound, from the banking business, in which they are basically routed. That is exactly what Bank of America proposes to do, according to reliable sources....

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Stock Symbol: CFC COUNTRYWIDE FNL C Stock Price: $4.94 Todays Change: -0.03 (-0.60%)