PICK-A-PARTY — BOA – RED OAK – Countrywide Merger Revealed in all its “Glory”

Livinglies's Weblog

Maybe now I will get something other than a blank look when I referred to anomalies in what appears to be the merger of Bank of America with Countrywide. For about 18 months now I have been saying that there is something wrong with that report, because the documents in the public domain show two things, to wit: first, that BAC was merely a name change for Countrywide;  and second, it appears to be a merger between Red Oak Merger Corp. and Countrywide.  My conclusion was that Bank of America was claiming what it wanted depending upon the circumstances and disregarding the actual transactions. In fact, in various court actions ranging from foreclosures to investor and insurer lawsuits over bogus mortgage bonds, Bank of America was submitting documents referring to agreements that referred to fictional transactions.

This behavior should come as no surprise to anyone who has been following the…

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