Just before the Bank of America Corp. conducted buy Countrywide Financial Corp. in 2008, then-Chief Executive Bank, Kenneth d. Lewis, said analysts why it had abandoned its resistance to possess a mortgage lender.
"Arithmetic overcomes all of your questions," he told analysts. "If I never did anything in the mortgage sector, I should eat approximately seven years of my words, so it would be quite persuasive."
More high Bank of the nation of property was haunted by Countrywide numbers since the agreement of $ 2.5 billion has been completed.
On Wednesday, Bank of America announced, as expected, a...
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