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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.

Read the full article at The Daily Deal »

Posted on Friday, January 11, 2008 at 10:03PM by Registered CommenterBoA Bad for America WebMaster | CommentsPost a Comment

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