Countrywide began in 1969, when Angelo Mozilo and David Loeb started their own mortgage lending company in New York.
Loeb found experimentally that increase of metabolic products in muscle greatly raised its osmotic pressure, and so it would absorb water from a relatively concentrated sodium chloride solution.
418, also, Manual of General Pathology (London, 1898); Loeb, " Certain Activities of the Epithelial Tissue of Skin of Guinea-pig, &c.," Johns Hopkins Hosp. Bull., Balt.
It was not till 1898, however, that his career as a great railway organizer began with his formation, by the aid of the bankers, Kuhn, Loeb & Co., of a syndicate to acquire the Union Pacific line, which was then in the hands of a receiver and was generally regarded as a hopeless failure.