Once Countrywide's depositors recognize that their money is being used to float the failing company then there will be a run on the bank. News flow will speed the inevitable demise of the company. It's only a matter of time ... note the price of the stock today.
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Once Countrywide's depositors recognize that their money is being used to float the failing company then there will be a run on the bank. News flow will speed the inevitable demise of the company. It's only a matter of time ... note the price of the stock today.
Oct 25 16:17 pm
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All Comments by bigcityloans »Countrywide's Troubled Financials [View article]