CBS Evening News for Friday, Jan 11, 2008
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(Studio: Anthony Mason) Bank of America’s agreement to buy out troubled Countrywide Financial Corp. in an effort to ease the mortgage crisis featured; the rise in Countrywide’s foreclosures and delinquencies cited. [Egan-Jones Rating Co. Sean EGAN- says it’s important for the economy’s health.] [Neighborhood Assistance Corp. of America Bruce MARKS- notes the impact of Countrywide going bankrupt.] The mortgage market discussed.
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