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January 11, 2008
Strange Moments in Company Conference Calls
Set the stage: It's the Bank of America call this morning. Subject is the bank's big deal for failing mortgage company Countrywide. Analysts are assembled, the financial world is watching.
And so ... Call kicks off with BofA CEO Ken Lewis intoning on the import of the moment -- and then we hear a train whizzing pass. A train? Someone's doing this from a train station? Sound effects? Subliminal urging to get "on board" the deal? Wha?
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Train wreck?