Countrywide Chief Mozilo Sees Closer Ties With Bank of America

[Anonymous]

http://www.bloomberg.com/apps/news?pid=20601087&sid=aLiI1fuAaugY&refer=home

Aug. 23 (Bloomberg) -- Countrywide Financial Corp. Chief Executive Officer Angelo Mozilo said Bank of America Corp.'s $2 billion investment may have already improved the home lender's ability to sell mortgages and could lead to closer ties ...

If I'm reading Countrywide financials correctly, BofA now owns almost 16 percent of Countrywide.
http://finance.google.com/finance?client=ob&q=CFC

And some of us thought big banks were getting OUT of subprime lending.

[Anonymous]

Amazing.  Excellent research Noah.  Constantly surprised by Countrywide.