Tuesday, April 29, 2008

photo by Pierre Éthier

Quote for the day:

One touch of nature makes the whole world kin.

- William Shakespeare, Troilus and Cressida

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In the news:

Countrywide reported a $893.1 million first-quarter loss after taking more than $3 billion of charges for write-downs and bad loans. The loss was $1.50 a share whereas analysts had expected a loss of 12 cents per share.

Foreclosure filings in the first quarter of 2008 rose more than 112% over last year to nearly 650,000 foreclosure filings.

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