Countrywide Financial Corp

More downgrades coming for Countrywide? All three rating agencies "have placed our ratings on some form of negative outlook, " the company noted in it's quaterly filing.

And if it is downgraded it would be downgraded to Junk Status. It would lead to higher rates and cause it to loose bank deposits.

http://online.wsj.com/article/SB119465817460188744.html?mod=googlenews_wsj

Once again, I wonder if all the analysts, along with Bill Miller are still think there is great value here. I just would not want to catch a falling knife.