Real Estate News : You’re Paying for Bank of America to Buy Countrywide
You heard me right…that’s your hard earned tax dollars at work. Here’s a clip from Bloomberg: “Bank of America Corp.’s $3 billion takeover of Countrywide Financial Corp. will be financed by 138 million tax-paying Americans. Bank of America, led by Chief Executive Officer Kenneth Lewis, can use tax write-offs to pay for Countrywide, the country’s biggest mortgage lender, said Robert Willins, a former managing director at Lehman Brothers Holdings Inc. who now runs his own accounting firm. Taxpa
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