The New York Times has a very interesting article about the business practices that resulted in Countrywide’s dramatic spiral into the dirt. Recently, the nation’s largest mortgage lender had to tap $11.5 billion in emergency credit and was the beneficiary of a $2 billion investment bailout from Bank of America.
bank of america
![Inside The Countrywide Subprime Lending Frenzy](../../consumermediallc.files.wordpress.com/2012/06/straightwalk.jpg?w=300&h=225&crop=1)
Inside The Countrywide Subprime Lending Frenzy
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8.27.07