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Online Bank Deals with Yields of 5.50% and Higher

August 19, 2007
By MoneyRates team | Money-Rates Columnist

Countrywide Bank is fighting back after a difficult week which the bank maximized its credit line to $11.5 billion, their stock price (CPC) continued to fall, Moody’s warned that the company’s debt may be downgraded to junk, and news reports of customer storming branch offices to withdraw funds. Countrywide has responded by pointed out the [...]

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About Richard Barrington

Richard Barrington, CFA, is the primary spokesperson and personal finance expert for MoneyRates. He is a 20-year veteran of the financial industry, including having served for over a dozen years as a member of the Executive Committee of Manning & Napier Advisors, Inc. Richard has written extensively on investment topics, including investments, money market accounts, Certificates of Deposit's and personal finance as it relates to retirement. Richard has been quoted by numerous media publications such as the New York Times, the Wall Street Journal, and Pensions & Investments magazine.

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