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Uhmmmm ..............

Originalmente inviato da i98mark

Sul tema, riprendendo timori che Bank of America possa non rispondere dei bond di Countrywide anche a seguito dell'acquisizione, un interessante articolo del WSJ...

Countrywide Bonds Stir Angst As BofA Avoids Voicing Support

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When the Countrywide deal was announced, the cost of insuring against a default at Countrywide plunged. Since then, though, the cost has surged to about $425,000 annually for protection on $10 million of Countrywide bonds from $342,000 the day the merger was announced, according to data provider Markit.

The increase is "abnormal," said Matthew Burnell, a bank-credit analyst at Wachovia Capital Markets. He attributes the rise to questions triggered by the Jan. 17 filing. "If there's nothing to it, why don't they say something?" he added.

Countrywide is scheduled to report fourth-quarter results tomorrow, ( QUINDI OGGI) but said last week it isn't holding a conference call with analysts and investors, citing the pending takeover.

Bank of America has said it isn't likely to begin integrating Countrywide's operations until 2009 because the Charlotte, N.C., bank first needs to digest Chicago's LaSalle Bank, which was acquired for $21 billion last year. To skeptics, this is another sign that Bank of America wants to distance itself from any lurking problems.
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