Banking, finance, and taxes

Countrywide (CFC): No Chapter 11, Again

The head of Countrywide (CFC) stated his case, once more, that the mortgage lender is not a candidate for Chapter 11. But, Angelo Mozilo does appear to like the topic. He brought it up again on CNBC.

He says he is not in talks with Bank of America (BAC).  But, according to Reuters  he "declined to comment on whether Countrywide would maintain its 15 cents-per-share quarterly common stock dividend."

Douglas A. McIntyre

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