On Oct 5, 2007, at 3:20 PM, Robert Wrubel wrote:
> When Countrywide Bank, a leading actor/victim in the
> sub-prime mortgage crisis, says it has received $12
> billion in new funding, who is doing the lending?
They got a $2 billion investment from Bank of America (nonvoting convertible preferred stock). You may be thinking of an $11.5 billion line of credit which they had in place already and tapped in August.
<http://about.countrywide.com/PressRelease/PressRelease.aspx? rid=1041245&ir=yes>
> And when someone is said to be considering buying UBS,
> do they buy UBS' obligations along with its assets?
Usually yeah.