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- Countrywide: I’m saved!
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What should we take away from the Countrywide/Bank of America deal?First, its obviously good for market liquidity that Countrywide won’t wind up in bankruptcy. While I think the economy could have handled a Countrywide liquidation, it would have been painful and messy. I’m sure Ben Bernanke is happy about this turn of events. Notice that Fannie Mae and Freddie Mac stock were both up solidly today….
Original Source
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11 January, 2008| Economy |
@ 22:55
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