Countrywide CEO: Mortgage Crisis Persists Despite BofA Stake

"The chief executive of Countrywide Financial told CNBC that Bank of America's $2 billion investment in the struggling mortgage lender was a 'priceless endorsement' for Countrywide but said the crisis in the housing and mortgage markets isn't getting any better." -- THE REMARKS IN HERE BLAMING THE MERRILL ANALYST FOR COUNTYWIDE'S SITUATION ARE DESPICABLE. JEFF SKILLING SAID SIMILAR. HEALTHY COMPANIES DO NOT DRAW ON EMERGENCY FUNDING LINES AND SELL OFF 15% OF THEMSELVES AT FIRESALE TO RAISE QUICK CASH TO OPERATE.