Countrywide Tells Judge It 'Recreated' Letters

It's early in the year, but we agree with our friend Steve Teppler when he says this statement, from Countrywide's spokesman is an early contender for most obfuscatory spin of 2008: "A spokesman for the lender said: 'It is not Countrywide's policy to create or 'fabricate' any documents as evidence that they were sent if they had not been. We believe it will be shown in further discovery that the Countrywide bankruptcy technician who generated the documents at issue did so as an efficient way to convey the dates the escrow analyses were done and the calculations of the payments as a result of the analyses.'" English translation: It's not our custom to create or fabricate, except where we think no one will notice. In such instances, we will pile on the technical language in an attempt to blindside any inquiry. Also: "They were not generated to prove that they had been sent" Translation: They were generated to make people believe they were sent, not to prove they were sent. Jeez, can't you guys get it?