Housing Bubble

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Countrywide’s Move to Thrift Underscores Expected Impact of Industry Regulation 

Aug 01, 2007By

An interesting story over at Financial Week looks at the impact of Countrywide’s quiet move from a national bank charter to federal thrift: With Countrywide chairman and CEO Angelo Mozilo describing the ongoing decline in housing prices as the worst he’s seen in decades, the bank-turned-thrift’s survival may depend on friendlier regulation …

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