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Why did Bank of America buy Countrywide ?

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SLJB   Sunday, 10/20/13 04:27:00 PM
Re: None
Post # of 275097 
Why did Bank of America buy Countrywide ?
Why did JP Morgan buy Washington Mutual ?
Someone help me out here please ?
It was already clear at the time of purchase what was happening . What benefit was in it to assume such a huge risk ?

Thanks in advance :)

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