Thursday, August 16, 2007

Sometimes Change is a Good Thing...

I worked at Countrywide Financial, the country's largest mortgage company, for 6 months last year. After about 6 months at any contract, I threaten to turn into a pumpkin, so I move on. Looks like I made a good choice:

http://money.cnn.com/2007/08/16/markets/markets_1200/index.htm
http://www.usatoday.com/money/economy/housing/2007-08-15-countrywide-stock_N.htm

When the bank has to borrow $11.3 Billion (that's Billion with a B), that's bad.

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