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Analyzing Illinois' Legal Action Against Countrywide

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For a different perspective on Illinois' actions we turn to someone very familiar with the ongoing housing crisis. Gretchen Morgenson is assistant business and financial editor, and a columnist at the New York Times. Her coverage of Wall Street won her a Pulitzer in 2002. She's been covering the ups and downs of Countrywide and other players in the housing market. She joins us now by phone from New York.

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