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H&R Block: Losses Soar on Option One Debacle 

Dec 11, 2007By

H&R Block, Inc., the nation’s largest tax preparer, said this morning in a filing with the Securities and Exchange Commission that it will report surprisingly large losses for the quarter ended October 31, 2007 due to problems at its Option One Mortgage Company franchise — once one of the largest subprime lenders in the United States.

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