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Just Walk Away From Countrywide

May 12, 2008

Analysis of:B. of A. should exit Countrywide deal: analyst | www.marketwatch.com

Bank of America shareholders would be well served if Bank of America would just walk away from Countrywide. Why would any bank buy another bank that is hemorrhaging so much? It doesn't make any sense as to why Bank of America would buy Countrywide if they may write-down another $20 - $30 billion after the deal closes. That is if you want to call it a deal!

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