Robert R. Rowley PS

Attorney at Law


Bank of America acquisition of Countrywide adds up to $40 billion in losses, says Wall Street Journal – Charlotte Business Journal

Bank of America acquisition of Countrywide adds up to $40 billion in losses, says Wall Street Journal – Charlotte Business Journal

In a report published online Friday, the Journal quotes local banking expert Tony Plath, a finance professor at UNC Charlotte. “It is the worst deal in the history of American finance,” he said. “Hands down.”

The article adds up the numerous losses and legal settlements and cites anonymous sources to come up with its $40 billion price tag.

via Bank of America acquisition of Countrywide adds up to $40 billion in losses, says Wall Street Journal – Charlotte Business Journal.