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To: Kip S who wrote (78609)10/6/2008 9:52:37 PM
From: David E. Taylor  Respond to of 213173
 
OT:

As a (recent) BAC shareholder I don't think Lewis had a choice after swallowing both Countrywide and Merrill.

He had to raise cash somehow. Dividend cut and share offering were necessary steps.

David