Wish I could do that

My mortgage company, Countrywide, is called the colossus of all lending firms. Well, they lost $1.2 billion third quarter.

Terrible news?

Nope. Shares are up already because the company promised no more sub-prime and other high risk loans and says their earnings will recover next quarter.

I wonder if that means they lost $1.2 billion in a three-month period because of risky loans they authorized that defaulted.

All I know is that I, for one, can't lose money any quarter of the year.