Countrywide financial corporation is facing bankruptcy due to the declining housing market.The company has lost an estimated $ 813 million this morning based on data collected from the stock market. Countrywide CEO, Angelo Mozilo has denied accusation of the financial company filing for bankruptcy. Angelo Mozilo stated that bankruptcy is not an option. The largest U.S. mortgage lender is not rushing to Bank of America for further financial assistants, following an estimated $2 billion injection since august.
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