i know it's after the fact, but i knew they wouldn't file especially being the largest lender in america! or better yet let me say that i felt like the government would step in and/or another large foreign investor would bolster them with a surge of cash to help them make it through this tough time...
i wanted to buy some of their stock while it was $5 bucks and with this news i will most certainly be investing in some stock...
one other thing, in some circles around wall street it has been said that the government brokered this deal to insure they (countrywide) didn't file as that would have single-handedly taken not only the financial markets down but probably would have brought on the much bally-hooed recession they keep talking about, so this was a major psychological move for the financial markets; but the market as a whole still got slaughtered today, go figure!
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