SEIU denounces BofA's Countrywide buy
FROM THE DAILY DEAL
JANUARY 11, 2008
The Service Employees International Union, growing critic of deals -- especially ones involving private equity firms -- wasted no time in denouncing Bank of America Corp.'s $4 billion purchase of troubled Countrywide Financial Corp., which the union cites as the leading contributor to the current subprime mortgage crisis.
The press release cites the unknown dangers that Bank of America may have on its own balance sheet as reason enough to forbid the combination.

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