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Old 09-08-2007, 08:58 AM
Fishhead24 Fishhead24 is offline
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Join Date: Jan 2007
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Default Re: countrywide (aka enron) cans 12k employees

Countrywide's strategy is to rely on its savings bank to provide funding for lending. That funding comes from deposits, as well as borrowings from the Federal Home Loan Bank system. The goal is to end reliance on short-term borrowings from jittery Wall Street firms and other creditors.

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