"Countrywide bank downgraded to 'D', as in 'D' for DEFAULT"

[RonPaulR3VOLUTION]

NEW YORK (AP) -- Moody's Investors Service downgraded Countrywide Financial Corp.'s bank's financial strength on Thursday, saying it faces constrained liquidity.

http://biz.yahoo.com/ap/080403/moody_s_countrywide.html?.v=1

http://www.tickerforum.org/cgi-ticker/akcs-www?post=38575

http://losangeles.bizjournals.com/losangeles/stories/2008/03/31/daily40.html?ana=yfcpc

 

[youngbuck]

This totally caught me by surprise! Who ever saw this coming?!

 

[NocturnalC]

This is news and very shocking. Left field kinda.

 

[Apparition]

Sooooo... if I wanted to buy a house... and use Countrywide for my mortgage lender... that would be a GREAT idea.... right? =P