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IPFS News Link • Economy - Economics USA

Countrywide cut by Merrill; bankruptcy raised

8-15-2007 • Reuters

Countrywide Financial Corp. could face bankruptcy if liquidity worsens, according to a Merrill Lynch & Co. analyst who downgraded the largest U.S. mortgage lender to "sell" from "buy." The downgrade suggests deepening problems at

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Reported By Powell Gammill

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