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Bank of America to invest $2 billion in Countrywide
Started by
OEXCHAOS
, Aug 22 2007 05:10 PM
22 replies to this topic
#1
OEXCHAOS
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Mark S. Young
Posted 22 August 2007 - 05:10 PM
Hmmm, do I smell a fox in the hen house?
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Mark S Young
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#2
selecto
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Posted 22 August 2007 - 05:26 PM
They got a quarter of that from Ben's window this morning.
#3
JAP
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Posted 22 August 2007 - 05:36 PM
How is this a good thing for BAC?.. when the ARMs reset there will be more forclosures.
#4
mike123
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Posted 22 August 2007 - 05:41 PM
How is this a good thing for BAC?.. when the ARMs reset there will be more forclosures.
Suppose BAC has a few Billions at stake if CW files for bankruptcy? CW will still face problems in the future.
#5
OEXCHAOS
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Mark S. Young
Posted 22 August 2007 - 05:42 PM
How many of those does Countrywide HOLD and how many do they originate and how many do they package and sell?
The bottom line is, someone big and smart is willing to spend big money on this business.
Pay attention. Someone ALWAYS knows more than you do in this business.
Mark
Mark S Young
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#6
mike123
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Posted 22 August 2007 - 05:44 PM
How many of those does Countrywide HOLD and how many do they originate and how many do they package and sell?
The bottom line is, someone big and smart is willing to spend big money on this business.
Pay attention. Someone ALWAYS knows more than you do in this business.
Mark
CW has about $180 billion in assets. Most of them are likely mortgages they can't sell.
#7
JAP
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Posted 22 August 2007 - 05:47 PM
How many of those does Countrywide HOLD and how many do they originate and how many do they package and sell?
The bottom line is, someone big and smart is willing to spend big money on this business.
Pay attention. Someone ALWAYS knows more than you do in this business.
Mark
I'm going to remember this and remind you about it in the near future.
#8
mike123
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Posted 22 August 2007 - 06:04 PM
How many of those does Countrywide HOLD and how many do they originate and how many do they package and sell?
The bottom line is, someone big and smart is willing to spend big money on this business.
Pay attention. Someone ALWAYS knows more than you do in this business.
Mark
I'm going to remember this and remind you about it in the near future.
7.27% interest is hardly a good deal. Why didn't CW Bank go to the window and borrow at 5.75?
#9
OEXCHAOS
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Mark S. Young
Posted 22 August 2007 - 06:07 PM
How many of those does Countrywide HOLD and how many do they originate and how many do they package and sell?
The bottom line is, someone big and smart is willing to spend big money on this business.
Pay attention. Someone ALWAYS knows more than you do in this business.
Mark
I'm going to remember this and remind you about it in the near future.
The market will do it for you. No need!
Bottom line though is watch what they do, not what they say.
Mark S Young
Wall Street Sentiment
Get a free trial here:
http://wallstreetsen...t.com/trial.htm
You can now follow me on twitter
#10
mike123
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Posted 22 August 2007 - 06:22 PM
How many of those does Countrywide HOLD and how many do they originate and how many do they package and sell?
The bottom line is, someone big and smart is willing to spend big money on this business.
Pay attention. Someone ALWAYS knows more than you do in this business.
Mark
I'm going to remember this and remind you about it in the near future.
The market will do it for you. No need!
Bottom line though is watch what they do, not what they say.
What BAC did was to have invested $20, $30 billion in CFC bonds. They has to bail BAC out just like long term capital. This is not a smart investment. Just to cover their @ss for now. The trouble is far from over.
