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Countrywide was just too good to be true

By   /   Friday, June 20th, 2008  /   Comments Off on Countrywide was just too good to be true

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Countrywide Financial Corp. shareholders are voting June 25 in Calabasas on the acquisition of their company by North Carolina-based Bank of America.

In the face of the debacle known as the subprime mortgage meltdown, shareholders are being asked to allow BofA to become the nation’s largest lender in a $3.3 billion deal.

How things have changed.

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