Countrywide bankruptcy just a rumor

WILMINGTON, Del. (AP) - January 14, 2008

Lewis, who spoke to the Delaware State Chamber of Commerce today, said he thinks it was a malicious rumor. He denied that government pressure to keep the nation's largest mortgage lender out of bankruptcy played any role in his company's decision to acquire Countrywide for $4.1 billion.

He says they had an impressive liquidity plan and backup lines in place.

Lewis also expressed a degree of surprise with the attention given what he said was a relatively small transaction for Bank of America.

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