Posted by Pat/CA on 4/29/08 9:29am
Msg #245491

Countrywide Financial lost $893 million in 1st quarter

From Yahoo News:

CALABASAS, Calif. - Countrywide Financial says it lost $893 million during the first quarter due to a sharp increase in its provision for loan losses.

Here's the link for those interested:

http://news.yahoo.com/s/ap/20080429/ap_on_bi_ge/earns_countrywide

Reply by cal2az on 4/29/08 4:18pm
Msg #245590

Re: Countrywide Financial lost $893 -- But not their CEOs

Countrywide may have lost. But see how their CEOs didn't.

http://money.cnn.com/2008/03/29/news/newsmakers/mozilo_sambol/index.htm?postversion=2008032923

Don't know how to post this as link. Sorry.