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Another ominous warning for Countrywide:
“Either Countrywide makes it in the next 60 days or they don’t,” said Paul Miller, a Friedman, Billings, Ramsey analyst. “If the non-agency market doesn’t come back, they’re in big trouble no matter what they do.”
http://www.marketwatch.com/news/story/bigger-cash-horde-doesnt-mean/story.aspx?guid=%7BD8670EB6%2D62FC%2D4001%2D8240%2DB0FE84826CCE%7D&siteid=yhoof