Banking, finance, and taxes
Countrywide (CFC) Denies Bankruptcy Rumors
Published:
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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