Richard Weed

Countrywide and Chase Shut Off the Cash Spigot

Hopefully anybody with half a brain would regard this move as slightly proactive and responsible lending. Although I'm sure both Countrywide and Chase have their own self-interest at heart, the move does force customers to not "get in over their heads", so to speak. Cheers for them being proactive for once instead of sitting back letting people dig themselves into holes they cannot climb out of.