Industry News

Stocks tank on Countrywide fears

Analyst: Forced asset sales could cause bankruptcy
Published on Aug 16, 2007

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by CareyBot

A Merrill Lynch analyst’s warning that Countrywide Financial Corp. could go bankrupt, coupled with alarming news from other lenders, helped kill a stock market rally Wednesday and reinforced fears that investors are no longer willing to fund mortgage lenders. Countrywide’s ...