Sorry haven't written for awhile. Business is going so well! It's going to be a great year for 2008!
Most of the news hasn't been worth writing about but this topic is pretty impressive. Although, I don't like banking w/BofA because of the non-sense fees they charge. Overall, I think they're a great company. Very conservative as far as lending is concerned. So the fact that they purchased CW....makes me impressed because as much as asset managers are unloading, BofA is purchasing the largest mortgage lender to add to their portfolio. What does this say? Maybe not short term gains but BofA see's a long-term gain in Real Estate and Mortgages. As much as I don't have a crystal ball, things will get better soon. Downturns happen but with positive outlook on the economy and overall well being....this "credit crisis" will long be over and just a part of history and past mistakes.
I'm totally for the purchase and think BofA made a great choice. They're a great bank and they got a great deal!
Happy 2008! Let's be Positive!
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