This is terrible news:Story:
... no one at the luxury resort, near Vail, will be hitting the slopes — or eating $105 Kobe steaks — on Countrywide’s dime this week.
Countrywide Financial, the besieged mortgage lender, has canceled a gathering of bankers from smaller mortgage banks at the Ritz-Carlton Bachelor Gulch ski resort (where room rates begin at $725), Countrywide said in a statement on Sunday. [...]
The three-night gathering, which was to include business meetings as well as skiing, drinking and sampling expensive meals like $140 caviar and Kurobuta pork osso bucco at the Spago restaurant, had already drawn negative press.
How will the bankers cope with this reversal of fortune?
posted by Quiddity at 2/28/2008 06:16:00 PM
Countrywide belt-tightening! Now that's real sacrifice. Let's sing, all together:
"O, give me a home,
Where foreclosures roam ... "
They're planning on going scavenging for wild moose and dear in the wood using bows and arrows. After that, they will head down to nearest lake to wash down their wild catches.
