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IPFS News Link • Economy - Economics USA

Countrywide Bets the Farm

8-16-2007 • MISH: Global Economic Analysis

Countrywide tapped 11.5 billion of its credit line. When a company draws on its bank lines, it is basically out of options. Typically those bank lines are not meant to be used. Countrywide stopped Alt-A and Subprime. Merrill Lynch is talking about a

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Reported By Mike Shedlock

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Countrywide Bets the Farm

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