Countrywide’s Wide Load.

It’s Winter 2008. Names like Lehman Brothers and Bear Stearns are old news, but still fresh wounds that pundits in expensive suits are still nursing on the public’s behalf. Almost in between breaths, you catch an interesting set of words: Collateralized Debt Obligation, or “CDO.” In January, Bank of America made the decision to merge … Continue reading Countrywide’s Wide Load.

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