When I hear the name Countrywide I associate it with other companies such as Enron, Worldcom, and Arthur Andersen.   The legacy of Countrywide is infamous for the political favors it purchased in Congress with it's Friends of Mozzila bribes and the allegedly fraudulent loans it underwrote and sold to investors.  Countywide did more than underwrite subprime loans to unqualified borrowers it also forged documents. So, when Countrywide was sinking, I was scratching my head when Bank of American decided to purchase Countrywide for $4 billion dollars.  Even back then Countrywide's reputation was already dubious even if you weren't a bank insider.  Five years later it might have cost Bank of America $40B dollars, or in a percentage calculation it's negative…[READ MORE]