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The Watercooler
Explain this to me if you can
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<blockquote data-quote="Sara PA" data-source="post: 162699" data-attributes="member: 1498"><p>Countywide holds so many questionable mortgages that it was going to go under if something didn't happen and happen quickly. Bank of America is large enough to absorb the losses Countrywide is going to have. BoA already put in $2 billion trying to prop Countrywide up. It wasn't enough.</p></blockquote><p></p>
[QUOTE="Sara PA, post: 162699, member: 1498"] Countywide holds so many questionable mortgages that it was going to go under if something didn't happen and happen quickly. Bank of America is large enough to absorb the losses Countrywide is going to have. BoA already put in $2 billion trying to prop Countrywide up. It wasn't enough. [/QUOTE]
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