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: Securities Law Prof Blog

Countrywide Announces Another Big Loss

By Securites Lawprof

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Countrywide Financial announced a $893 million loss in the first quarter ($1.60 per share) because of rising loan defaults. The Wall St. Journal reports that a federal investigation has uncovered evidence that Countrywide sales executives falsified income figures for many...

Full post as published by Securities Law Prof Blog on April 30, 2008 (boomark / email).

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