Some of the folks yanking out money had deposits greater than the FDIC coverage limits. In other words, their money would be at risk if Countrywide went belly up.
That's certainly possible but how stupid do you have to be to have that much money on deposit at 4.5% (or less)?
3-month stock PPS chart......those watching this closely (and the insiders, of course) got theirs out a few weeks ago......
http://finance.yahoo.com/q/bc?s=CFC&t=3m&l=on&z=m&q=l&c=