Well, well yesterday I posted Countrywide aquired by Bank of America? Could happen! Just to recap, I had pointed out some indicators that I believed were key in a possible takeover of Number One Mortgage Lender Countrywide by Number Two Mortgage Lender Bank of America.
I think it is important to note that previously it was speculated that Warren Buffet was interested in buying some part of the Countrywide. Today, according to Bloomberg he wants no part of the ailing Mortgage Giant. This news sent Countrywide Stock down almost 7% as of 1:25 pm ET. I think this is another reason that Bank of America will soon have a part in Countrywide.
