Here is the latest:
http://money.cnn.com/2008/01/11/news/companies/boa_countrywide/index.htm?iref=topnews

I CALLED IT, Look at my past couple posts.... B of A gets huge tax breaks by buying CW:

NEW YORK (Fortune) -- Guess who's helping Bank of America pay for its $4.1 billion purchase of Countrywide Financial? Answer: The taxpayers of the United States.

That's because Bank of America (BAC, Fortune 500), which is solidly profitable, will be able to use some of Countrywide's losses to offset its own taxable income. The tax break could total about half a billion dollars over the first five years,

HERE WAS MY PREVIOUS POST....

Here is what is going to happen: <---- this was before all this came out...-----> I should work at Bloomberg...

BofA buys countrywide to get guaranteed tax breaks from the government. The government does NOT want to see CW go down, to many employees too many homes affected. BofA can stretch out the losses over a longer period of time as to not disrupt its own stock price after the acquisition. They will NOT use the CW name anymore!

Also, Chase will take over WAMU to get a foothold in the So Cal market where WAMU is prevalent. Chase is waiting out WAMU (which is dying a slow painful death.)

There is your inside information.

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Vindictive? Dr. Evil??

Just stating my opinion based on my experience. In this market, it pays to work with the vet than work against him/her.

Not a sermon, just a thought.

Btw...check out the other thread on this topic and all the other agents worrying about whether or not they are going to get paid for their BPO's. Wanna call them vindictive? or just reading the writing on the wall.

There is a huge difference between somebody being worried about getting paid and somebody being joyful in another's demise. Anyway, your feelings and motives are clear, and I don't want to beat a dead horse. Good luck with your business.