November 20, 2007

Countrywide shares go on wild ride (Reuters)

The Countrywide bank is seen in Lakewood, Colorado September 11, 2007. Countrywide Financial Corp  (Rick Wilking/Reuters)Reuters – Countrywide Financial Corp shares
plummeted as much as 22 percent on Tuesday on speculation the
largest U.S. mortgage lender might run short of cash, but
recovered most of that loss after the company said it has ample
liquidity and will not go bankrupt.

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