Recently, Bank of America decided to pony up $4 billion (all stock) to acquire Countrywide - the struggling mortgage lender. And get this: BofA is nixing the infamous subprime mortgagesfrom what Countrywide will offer under the new ownership. The reason this story is relevant to Scottsdalites? Look to your left… look to your right… we promise you are standing very close to some mid-twenties dude with ambition out the ying-yang who works in a local Countrywide branch!

Check out this article in Phoenix Business Journal for more: http://www.bizjournals.com/phoenix/stories/2008/01/07/daily62.html?page=1