September 14, 2007 (LPAC)--Countrywide Financial, the number one mortgage company in the United States., announced that it had arranged another $12 billion borrowing capacity through new and existing credit lines--which announcement caused its stock price to rocket upward. This new credit line is on top of the $11.5 billion line of credit that Countrywide lined up in August, and also in addition to the $2 billion which Bank of America poured in on August 22.

After the latest infusion, a team of Credit Suisse analysts led by Moshe Orenbuch wrote in a Sept. 13 research note, that this "should substantially address funding concerns," and they rated the stock "outperform," according to the Internatioinal Herald Tribune. Such bailouts will prove futile, as they have proven futile up to now. These financial institutions should be allowed by go bankrupt, American statesman Lyndon LaRouche says, while the Federal government enacts legislation to keep homeowners in their homes, and state and Federally-chartered banks open.