Tuesday, January 8, 2008

US markets declining fast as countrywide may seek bankrupcy protection !

Countrywide Loses Most Since 1987 on Funding Wagers (Update3)

Countrywide one of the biggest US home loan providers is rumoured to be planning for bankrupcy. Its certainly spooked the US the Dow fallen over 150 points in less than 1 hour. This will not bode well for UK banks its uncertain whether there will be further writedowns credit is tightening up day by day.

Posted by doomberger @ 08:04 PM (353 views)
Please complete the required fields.



Add a comment

  • Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
  • Please note that any viewpoints published here as comments are user´s views and not the views of HousePriceCrash.co.uk.
  • Please adhere to the Guidelines

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes:

<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>