Bank of America announced a 4B takeover plan for Countrywide Financial in order to preserve its previous 2B investment in the company. Is this an irrational escalation of committment? Will BofA be saddled with a terrible portfolio of mortgages? Time will tell, but the risks and rewards are great.
Tata unvieled the Nano, it's $2,500 car for the masses. The car looks great...but this also means it SHOULDN'T try to bid for Landrover/Jaguar. Please please please please consider that the two brands are at opposite ends of the spectrum...low cost high volume...differentiated luxury low volume. I'll be near impossible to create a win-win situation.
-J
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