Browsing Tag

Countrywide

BofA delays Countrywide bankruptcy

The word is that BofA did in fact consider declaring their Countrywide subsidiary bankrupt to ring fence the rest of the company from Countrywide. It got as far as a board vote this past summer.This Wall Street Journal video discusses…

The Subprime Debacle: Act 2, Part 2

by John MauldinThey Knew What They Were SellingIt's hard to know where to start. There is just so much here. So let's begin with testimony from Mr. Richard Bowen, former senior vice-president and business chief underwriter with…
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