To all those that believe the soft landing spin, here is a great quote from the Countrywide Financial CEO in this piece:
Mortgage lenders grapple with deflating housing bubble
"I've never seen a soft-landing in 53 years, so we have a ways to go before this levels out," Countrywide Chief Executive Officer Angelo Mozilo said on a Tuesday conference call. "I have to prepare the company for the worst that can happen."
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