An analyst report suggesting that Countrywide faced liquidity problems "was totally irresponsible and baseless." On the contrary, "every one of these [crises] you come out of stronger, better, and with less competition." -- CEO Angelo Mozilo to CNBC on Aug. 23, 2007
Time to Armageddon: Five months
Sold to BofA on Jan. 11, 2008, after its stock price had fallen almost 90% over eight months. Now under scrutiny by SEC and state AGs.
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