Bank of America completes Countrywide purchase

And I can't rationalize it, quite.  Bank of America completed its controversial purchase of failed mortgage lender Countrywide.  The final purchase price came in at about $2.5 billion, down from the estimated $4 billion at the time of the announcement.  Questions about pending lawsuits, worthless home equity lines and exploding option ARMs all seemed to be answered to the satisfaction of BofA's leadership to complete the purchase. From the New York Times: It?s official: Bank of America has acquired Countrywide Financial, marking the completion of an audacious rescue of one of the most troubled lenders in the United States. The deal will expand Bank of America?s reach in the mortgage business ? but, in the current environment of rising defaults and delinquencies among America