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Countrywide Rallies on Rate Cut; Worried Depositors Pull Out Cash HW+

Aug 17, 2007By

Countrywide jumped on news earlier today that the Federal Reserve had cut the discount rate by 50 basis points – the company was up nearly 11 pecent to $21.00 per share as of when this post was published.

3d rendering of a row of luxury townhouses along a street

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