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BofA, Countrywide Condemn Tax Group's Ch. 11 Plan

By Samuel Howard (September 28, 2009, 3:32 PM EDT) -- Accused of aiding The 1031 Tax Group LLC's $126 million Ponzi scheme, Bank of America NA and Countrywide Bank FSB have objected to the bankrupt exchange fund firm's latest Chapter 11 plan, claiming the proposed reorganization runs roughshod over the banks' crucial setoff rights....

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