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BofA spooks bond investors again

Started by Joelle, July 22, 2008, 12:42:28 AM

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Joelle

BofA spooks bond investors again
      


Investors in Countrywide's debt got an unhappy reminder on Monday that the mortgage lender's acquisition by Bank of America did not necessarily mean that their money was safe.
Bank of America Chief Financial Officer Joe Price said on a conference call that the bank does not intend to guarantee Countrywide's public debt, spooking investors and sending [...]
         

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