A Special Present for Countrywide Employees
Submitted by JRodgers (bestcashcow.com)
My sources say that Bank of America is clearing house just days after Ken Lewis's town hall meeting.
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Related Tags: Bank of america, Angelo mozilo, Banking industry, Mortgage, Credit crunch, Mortgage meltdown, Mortgages, Enron, Countrywide bank, Subprime, Online banks, Countrywide troubles, Real estate, Lawsuit, Countrywide bail-out, Banking, E-loan, Wally weitz, Savings, Bofa, Angelo, Credit-crunch, Crisis, Online banking, Paul krugman.
The rate is limited in duration, but seems like a very competitive offer.
My sources say that Bank of America is clearing house just days after Ken Lewis's town hall meeting.
Even as shareholders of Countrywide Corp. gathered in Calabasas to approve the sale of the company to Bank of America, the Attorney Generals of California and Illinois filed lawsuits suing...
Hopefully, this begins a trend that will make Bank of America regret acquiring this company and make Mozilo the next Bernie Ebbers. Bravo to IL's atty general.
Many say this is a horrible deal, but Bank of America seems intent to close this deal. Here's one quote from a Bank of America official that was mentioned in the article: “We understood that...
The latest scare on Wall Street in that Bank of America will act to unilaterally cut the price that they are paying for Countrywide by more than half to $2 a share. The scare has been precipitated...
Bank of America confirmed today that it intends to go ahead with its deal to acquire Countrywide depsite continued losses in the mortgage lenders business. This is good news for depositors....
Only time will tell whether he is guilty of securities fraud. But, the reality is that someone needs to be held responsible and this guy has set himself in the right space for it.
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, which is solidly...
For everyone that has deposits at Countrywide, Bank of America may be stepping in to take over the company according to the WSJ. Bank of America has already invested 2 billion in the company and...
Facing new writeofs, Citi could be looking to get as much as $10 billion, likely all from foreign governments...Countrywide Corp. on collision course with bankruptcy...
The financial behemoth's $2 billion investment in the mortgage lender is disappearing fast. Too bad its options are limited. Bank of America faces a tough choice: It can buy Countrywide...
Respected value investor Wally Weitz discusses his views on Countrywide. He seemed less than enthusiastic about the stocks prospects. Listen to his words and read between the lines.
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Type
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APY/Rate
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Institution
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4.00%
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WaMu / Amtrust Direct / CNB Bank
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5.23%
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Calvert
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4.02%
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EverBank
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5.00%
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Dime Direct
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5.00%
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WaMu
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4.50%
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Advanta Bank / Geauga Bank
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4.51%
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E-Loan
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4.78%
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Geauga Bank
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|
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5.25%
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Advanta Bank / E-Loan
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|
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4.84%
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US Treasury
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3.50%
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Federal Home Loan Bank (state and local tax exempt)
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|
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3.75%
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Northrop Grumman FCU
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|
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4.32%
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Melrose CU
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|
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4.47%
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Melrose CU
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5.00%
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Pentagon FCU
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0.90%
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Various brokerages
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|
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1.60%
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Various brokerages
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1.96%
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Various brokerages
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2.97%
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Various brokerages
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3.82%
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Various brokerages
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