Why did Bank of America buy mortgage lender Countywide Financial?

[MotionMan]

Why did they buy that can of worms in 2008 when the mortgage industry was in a spiral meltdown?

and they paid $4B for that privledge to boot.

For the patents, of course.

MotionMan

 

[guyver01]

because they'll double the amount as a tax writeoff.