Professor J. Randall Woolridge Warned Me About This In Penn State Finance Classes

The screenshot above is from Countrywide's Web site, taken a few minutes ago. Without context, it seems like a regular advertisement. Get a 12-month CD issued by Countrywide and backed by FDIC. Earn 5.65 percent. Sounds like a good deal. But, out of context, the ad does us no good. In context, let's look Countrywide's offering versus what other banks are presenting for the same FDIC-insured, 12-month Certificate of Deposit. The chart at right is from Fidelity's Web site. It...

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[Source: The Mortgage Reports Blog]