Exhibit 8(b)
[LETTERHEAD
OF WACHTELL, LIPTON, ROSEN & KATZ]
[ ], 2008
Countrywide Financial Corporation
4500 Park Granada
Calabasas, California 91302
Ladies and Gentlemen:
Reference is made to the Registration Statement on Form S-4 (as amended through the date
hereof, the Registration Statement) of Bank of America Corporation, a Delaware
corporation (BAC), including the proxy statement of Countrywide Financial Corporation, a
Delaware corporation (Countrywide), forming a part thereof, relating to the proposed
merger of Countrywide with and into Red Oak Merger Corporation, a Delaware corporation and
wholly-owned subsidiary of BAC.
We have participated in the preparation of the discussion set forth in the section entitled
FEDERAL INCOME TAX CONSEQUENCES OF THE MERGER in the Registration Statement. In our opinion,
such discussion of those consequences, insofar as it summarizes United States federal income tax
law, is accurate in all material respects.
We hereby consent to the filing of this opinion with the Securities and Exchange Commission as
an exhibit to the Registration Statement, and to the references therein to us. In giving such
consent, we do not thereby admit that we are in the category of persons whose consent is required
under Section 7 of the Securities Act of 1933, as amended.