Countrywide Calms Investors' Bankruptcy Fears
The assurances stanched the tide of the company’s falling share somewhat. During the day, Countrywide’s stock fell as much as 22% according to the Wall Street Journal. But it rebounded by the day's end, resulting in a drop from yesterday’s closing price of $10.57 to $10.23 at the close of trading Tuesday.
After all, the company pointed out, it had $35.4 billion...
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