Bank of America loses over $50 billion in, ‘the worst deal in American finance history’

Bank of America loses over $50 billion in, ‘the worst deal in American finance history’

  Bank of America’s mortgage business lost over $50 billion since the purchase of Countrywide Financial for $2.5 billion back in 2008.   The then Bank of America CEO Ken Lewis said it was a rare chance to become No. 1 in the home loans marketplace. Instead the bank’s shareholders have spent the majority of…

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