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Countrywide Responds To Rumors

The LA Times reported today:

Countrywide Financial Corp. moved to reassure investors Tuesday that it wasn’t borrowing too much and wouldn’t be constrained in its ability to provide home loans.

“We said it back in August, we said it in September, we said it last week, we’ll say it until we turn blue in the face, but we have ample liquidity to fund our growth and operational needs,” David Bigelow, Countrywide’s managing director of investor relations, said at an FBR Capital Markets conference in New York.

We here at the WSE feel that it would be an improvement on the orange.

Thanks to 4shzl and Sudaca at Capitalstool.com for this report.

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