Interesting post in the WSJ. I think this is just the start of much worse things to come for Countrywide.
Countrywide Financial Corp. faces "unprecedented disruptions" in debt and mortgage-finance markets that could hurt earnings and the company's financial condition, the Calabasas, Calif., lender said in a regulatory filing.
http://online.wsj.com/article/SB1186700 ... whats_news