Monday, May 05, 2008

SubPrime Poster Child: CountryWide

From the multi-million dollar compensation packages of its leadership as his ship slid downward, into what is now a a negative equity situation, Countrywide stands out, as hard as that is to do -- as one of the more notable, and infamous participants in the subprime mess. It was announced today that Bank of America might in fact walk away from Countrywide.

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