Thursday, Aug 16, 2007

'Iceberg' begins to reveal its self

BBC news: Top US lender 'risks bankruptcy'

Merill Lynch warn of problems for top US lender Countrywide Financial, Its analyst Kenneth Bruce states the obvious: "If liquidations occur in a weak market, then it is possible for Countrywide to go bankrupt."

Posted by ticktock @ 06:15 AM (158 views) Add Comment

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