Page 178 - Bank Case Studies

In the decade since the financial melt-down of 2008 the

Bank of America (BofA), in combination with its acquired

companies of Countrywide Financial, acquired in 2008 for

$4.1 billion and Merrill Lynch acquired in 2008 for $2.5

billion, had become one of the primary symbols of the

excesses that originally brought the crisis about. This against

the fact that it was one of the largest beneficiaries of the

federal bailout of 2008.