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March 30, 2008

BK Countrywide and get $19million

Countrywide Financial Corp.'s  has sold to BOFA. So Angelo Mozilo who is considered by many the chief architect of the Housing Crisis, will get $19 million in stock next week as part of the takeover by Bank of America Corp.

"It's perverse for Bank of America to reward the principal architects of the bad business practices that caused this housing crisis," Sen. Charles Schumer.

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