Banking, finance, and taxes

Countrywide (CFC) Denies Bankruptcy Rumors

Shares in Countrywide Financial (CFC) were down about 25% to $5.76 on rumors that the mortgage company might have to declare Chapter 11.

On denial of those rumors the stock is now still of 13% to $6.67.

Shorts must be having a hay day.

Douglas A. McIntyre

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