BofA's awesome Countrywide tax break 
Amazing just like the 90's, I seem to recall Great American bought a savings and loan because of tax implications, or was it Glendale Fed ? and then there was a disagreement regarding the tax write off and that institution went under.

Countrywide stock may have lost most of its value in the past year, but that isn’t stopping its CEO, Angelo Mozilo, from walking away from the deal with Bank of America a very rich man.

Well the good news is that rates are dropping! More homeowners can refi out of the bad loans, and more potential buyers can make the leap to home ownership.