More hype to manipulate the market.
ping
A buying opportunity. Then U can do “flip this house” and make millions of $. Yeah, that’s the ticket!
Maybe that will keep the jerks from calling me every day asking if I want to refinance. I hope so.
"Countrywide, got it.
The whole mortgage industry is full of stinkers, both companies and clients. We customers made as much of a mess of all this as the companies have as we went for mortgages that we knew were not sound. I mean, they can’t force us to take these mortgages.
Their bonds are now paying @13%
Sure would like to know what the insider trading did in advance.
“We here at Countrywide can put you into the home of your dreams for No MONEY DOWN....that’s right...NO MONEY DOWN”
I’m not an economist but, is leading money at sub-prime rates a good idea. I’ve often thought NOT.
Sorry, my fault. The two companies I worked for before leaving to stay home with my kids (because it was actually costing me more money to work than to not work) were Countrywide and American Home Mortgage. AHM is now bankrupt and CW is on its way. For those wishing to take advantage of this trend and sell short, the previous company I worked for was Bank of America. Happy investing!
The Mighty Terpin (Corporation Killer)
Stock Markets are Down Historically Inflation is way up. Medical costs are higher, fuel is higher and food is at record highs. Despite what Bernanke says. The Fed lies. Watch the Fed invent another $ 100 billion out of thin air and burn it up to support the markets again. Weimar Reublic all over again. 'Nuff said.
That's hard for me to believe.
If Countrywide cannot sell commercial paper, then they are probably not viable as a major financial corporation since they would likely be facing a severe liquidity problem.
Hearing rumors about alot of margin calls going on...
Selling into a falling market can only exacerbate the situation.
Country Wide is not on your side.