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Investment Outlook Summit

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Reuters talks to portfolio managers and strategists to find what's on the horizon. Learn how to position your portfolio in the year ahead.   Full Coverage 

Treasury says did not push for Countrywide deal

WASHINGTON
Fri Jan 11, 2008 11:54am EST

WASHINGTON (Reuters) - The Treasury Department knew of Bank of America Corp.'s interest in buying Countrywide Financial Corp but did not push for the deal to go ahead, a Treasury spokeswoman said on Friday.

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The Treasury was "aware of the discussions" between the two financial services companies but "was not actively involved in encouraging the discussions," said spokeswoman Jennifer Zuccarelli.

(Reporting by Patrick Rucker; Editing by James Dalgleish)
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