Panic rose to epic proportions after the sub-prime mortgage mess; the dust cleared; and beleaguered sub-prime lender Countrywide appeared--its equity bearing battle wounds. Yesterday Bank of America came to the rescue with a $2 billion buyout of Countrywide stock. Alan Greenspan says there is a one in three chance of a recession by the end of the year. Where the market will head from here is still unknown, but the "23,000% Stock" is struggling to uphold its once glistening performance.
Mortgage Image by Daniel Villar Onrubia