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Banking, finance, and taxes

Bank Of America (BAC) Won’t Hit Its Numbers

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By Douglas A. McIntyre Published
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The Wall Street Journal has gotten a hold of some internal documents from Bank of America (BAC) which say that CEO Kenneth Lewis and his top people will not take bonuses.

There seems to be a good reason for that. Management now says the company will not make its forecasts for 2008. Perhaps buying Countrywide was not such a good idea after all.

Douglas A. McIntyre

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