Re: countrywide (aka enron) cans 12k employees
I'm very skeptical of Countrywides long term potential. Lending looks very bleak for the future and it seems that any and all lending for the coming years will have to be break even lending where the borrower gets a FAIR rate and the lender gets a TINY profit and I just don't see the volume or the quality of borrowers needed to make this fair lending market profitable for lenders.
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