50 Top 10 Lists of 2007

Business, Tech & Sports

Top 10 Worst Biz Deals

Rick Wilking / Reuters
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#9. Bank of America Sinks $2 Billion in Countrywide Financial

Better make that $1 billion — at least that's what B of A's investment was worth as of December 1. Bank of America thought it had picked an opportune time in August to invest in Countrywide's mortgage machine, but the mortgage mess hadn't bottomed out yet.

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