{"id":197754,"date":"2008-01-14T17:32:00","date_gmt":"2008-01-14T22:32:00","guid":{"rendered":"https:\/\/www.panix.com\/~msaroff\/40years\/2008\/01\/14\/we-are-all-paying-for-bank-of-americas-4-1-b-acquisition-of-countrywide\/"},"modified":"2008-01-14T17:32:00","modified_gmt":"2008-01-14T22:32:00","slug":"we-are-all-paying-for-bank-of-americas-4-1-b-acquisition-of-countrywide","status":"publish","type":"post","link":"https:\/\/www.panix.com\/~msaroff\/40years\/2008\/01\/14\/we-are-all-paying-for-bank-of-americas-4-1-b-acquisition-of-countrywide\/","title":{"rendered":"We Are All Paying for Bank of America&#8217;s $4.1 B Acquisition of Countrywide"},"content":{"rendered":"<p>Really, we are, because for this ill-conceived venture, we are <a href=\"http:\/\/money.cnn.com\/2008\/01\/11\/news\/companies\/sloan_countrywide.fortune\/index.htm?cnn=yes\">giving BofA can deduct $270 million a year for the next 5 years<\/a>.<\/p>\n<p>That&#8217;s $1.35 billion in the first 5 years, and if Countrywide&#8217;s losses are bigger (and they are), they can deduct the rest year 6.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Really, we are, because for this ill-conceived venture, we are giving BofA can deduct $270 million a year for the next 5 years. That&#8217;s $1.35 billion in the first 5 years, and if Countrywide&#8217;s losses are bigger (and they are), they can deduct the rest year 6.<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1261,1005,970,973,1265,983],"tags":[],"class_list":["post-197754","post","type-post","status-publish","format-standard","hentry","category-bubble","category-business","category-corruption","category-economy","category-housing-crash","category-taxes"],"_links":{"self":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/197754"}],"collection":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/comments?post=197754"}],"version-history":[{"count":0,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/197754\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/media?parent=197754"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/categories?post=197754"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/tags?post=197754"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}