8.18.2007

Chaos

A rush to pull out cash

Crash and burn (link to latimes)

Worried about the stability of mortgage giant Countrywide Financial, depositors crowd branches. In Laguna Niguel, Bill Ashmore drove his Porsche Cayenne to the bank's office and waited half an hour to cash out $500,000. "It's got my wife totally freaked out," he said.

and what does Warren Buffet say?

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