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Volume 7 - Number 10 | May 9, 2008
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Bank of America Says It Won’t Guarantee Debt, Throwing Countrywide Merger Into Doubt

A dark cloud formed over Bank of America’s proposed acquisition of Countrywide Financial Corp. after the bank said that it may not guarantee CFC’s debt, raising the possibility that the deal could be renegotiated…or fall apart. “There is no assurance that...

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