All Together Now

The largest U.S. banks are rallying together to put an end to the global credit crunch that has throttled stock and bond markets and shaken the confidence of investors and consumers.

Nearly a week after disclosing that it was having severe problems raising cash in the short-term debt markets, Countrywide Financial (nyse: CFC - news - people ), one of the biggest U.S. mortgage lenders, got a welcome reprieve in the form of a $2 billion equity ... Full Story »

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Dale Penn
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by Dale Penn - Oct. 1, 2008

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