Wednesday, August 15, 2007

Countrywide Faces Bankruptcy Prospect

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 (527 views)
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