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Thursday, January 10, 2008


Adam Levitin

Is Countrywide actually a bank? I'm guessing that some unit within its corporate structure has a banking charter, but the parent company is not--it is a plain old Delaware corporation--and Countrywide's non-bank units could certainly file for bankruptcy.

Stephen M. Otto

Readers interested in Mr. White's useful comments about the Countrywide incident may be interested in reading the following blog which describes in detail the procedural steps which led to the December 20th hearing:

In addition, a description of Countrywide's current financial status:

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