The news broke at around 2:15 today that Bank of America (BAC) was in "advanced talks" to purchase Countrywide Financial (CFC). According to Yahoo! Finance, Countrywide went from 5.50 a share at 2:14 pm to 8.41 at 2:20. For those of you scoring at home, that's a 53% jump in 6 minutes. Incredible.
Equally incredible was the WSJ.com headline at the time:
"Bofa n Talks to Buy Countrywide"??? WTF?? Did they IM the headline to the editor or something?
1 comment:
dats so sweet man. i nu dat bofa wuz gonna do dat
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