Wednesday, January 9, 2008
Will it go bust? If so what happens?
Nation's largest mortgage lender tumbles after report alleging 'recreated' letters in customer's bankruptcy procedure and analyst's comments. Earlier in the session, shares bottomed out at $5.76 - their lowest since early 2000 - after speculation the company was planning to file for bankruptcy itself. Countrywide later denied the rumors. What happens when the big boys go bust?