User talk:Usspequod

Peacock?
Countrywide Financial: In order to understand their large part in the current secondary mortgage crisis, I have tried to state the magnitude of their involvement. To not mention this is like leaving out any one of National City Bank (New York City), Morgan Bank and Chase Manhattan out of the events leading to the Crash of 1929. Significant rewrites are needed for WaMu and numerous investment banks.

In my view, the existing article, already contains peacock in mentioning its run up in stock value. The rest of the article reads like a submission to the SEC or to stock holders putting its best face forward to the regulators and others. This bland reportage is singularly uninformative while ignoring the real problems of the company.

Is the following any better?

"In recent years Countrywide has financed about 17 to 20% of all mortgages in the Unites States, amounting almost a $500 billion in 12 months, more than any other mortgage lender. This and its substantial securities brokeage activities make it a much watched link from the mortgage problems to the mortgaged backed securities market slow-down during 2007."