Which brand is worth the least:
4) Charles Ponzi
7) Britney Spears
And ya gotta love this hilarious news. First time I've ever seen the ACQUIRER get paid a break up fee if they don't buy the TARGET. Too funny! BofA now has 160 million more reasons not to buy this toxic piece of sh*t.
NEW YORK (Reuters) - Mortgage lender Countrywide may have to pay Bank of America a fee of $160 million if a deal to buy it falls through, according to a regulatory filing on Thursday.
Countrywide has been convulsed by mounting losses and defaults, a loss of access to credit markets and a slew of lawsuits and regulatory probes into its lending practices and Chief Executive Angelo Mozilo's pay.
Mozilo stands to receive about $36.4 million if the company he founded is sold as planned to Bank of America, according to previous regulatory filings and compensation experts.
January 20, 2008
Posted by blogger at 1/20/2008