Interesting that you should make the above comment on something you perceive as a bullish move by a bank but made the bellow comment about banks when their actions en mass was bearish ie my post that they are abandoning the mortgage business in droves.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
http://www.traders-t...?...st&p=309988
Banks are NOTORIOUS for NOT knowing what's coming!
They are masters of shutting the barn door after the horse is gone.
Really. There's a reason why few banks are even in the investment management business (and have a track record to be proud of). by OEXCHAOS
Edited by zedor, 23 August 2007 - 01:02 AM.