Wednesday, Aug 15, 2007
Countrywide Faces Bankruptcy Prospect
Bloomberg: Countrywide Falls; Merrill Cites Bankruptcy Prospect
`Effective insolvency'' would result should creditors force Countrywide to sell assets at depressed prices or investors lose confidence in its ability to raise cash, Kenneth Bruce, a Merrill analyst in San Francisco, said in a research note today.
Posted by jj @ 08:27 PM (198 views) Add Comment
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