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Upside downside

7 September 2007 By Antony Currie

The Bank of America chief is being lauded for halting a market meltdown by investing $2bn in Countrywide. That s a bit of a stretch. But it is a canny deal. Even the price at which BoA switches into stock seems up for renegotiation if the mortgage lender s woes worsen.

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Upside downside

29 August 2007 By Antony Currie

The Bank of America chief is being lauded for halting a market meltdown by investing $2bn in Countrywide. That s a bit of a stretch. But it is a canny deal. Even the price at which BoA switches into stock seems up for renegotiation if the mortgage lender s woes worsen.

This content is for Subscribers only

 

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