tag:blogger.com,1999:blog-18675105.post4291190881978640160..comments2023-12-30T10:06:37.450+00:00Comments on HousingPANIC - The Housing Bubble Blog with an Attitude Problem, 2005 - 2008: Will Bernanke and Paulson let Countrywide Toxic Mortage fail (after BofA pulls out in the next few days)?bloggerhttp://www.blogger.com/profile/06585266242070350399noreply@blogger.comBlogger28125tag:blogger.com,1999:blog-18675105.post-68274253656477368772008-05-11T03:42:00.000+01:002008-05-11T03:42:00.000+01:00hot chicks to walk around chatting up chumps so th...<I>hot chicks to walk around chatting up chumps so they will continue to buy cheap rot gut beer and eating crappy food because the silly rednecks think somehow in their demented states</I><BR/><BR/>Remove the bat from your ass and lighten up. I bet your idea of a fun night is watching one of those stupid BBC shows on PBSAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-34804897221106566382008-05-09T20:58:00.000+01:002008-05-09T20:58:00.000+01:00....and Countrywide is still writing bad loans as .......and Countrywide is still writing bad loans as we speak.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-67672288291221149822008-05-09T20:00:00.000+01:002008-05-09T20:00:00.000+01:00Anonymous Tan Man's Corporate Prostitute said... ...Anonymous Tan Man's Corporate Prostitute said...<BR/><BR/> Keith--<BR/><BR/> I work for CFC, and I have to say, I hope this barge does go tits up and SOON!!<BR/><BR/> I don't know how we can keep going, pretending everything is hunky dory with all the news out there...I just can't do it anymore!!!!!<BR/><BR/> Working at Hooters is starting to sound like fun...seriously!<BR/><BR/> May 08, 2008 10:16 PM<<<<<BR/><BR/>we don't want men to work at hooters. hooters is for hot chicks to walk around chatting up chumps so they will continue to buy cheap rot gut beer and eating crappy food because the silly rednecks think somehow in their demented states , that they will somehow get a phone number off of one of the bimbo employees.....Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-20356190213147267332008-05-09T14:38:00.000+01:002008-05-09T14:38:00.000+01:00Mozilo is an Oompa Loompa. Paulson is Ming the Mer...Mozilo is an Oompa Loompa. Paulson is Ming the Merciless. Bernanke is the (dee plane! dee plane!) guy.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-35948007361939621812008-05-09T14:07:00.000+01:002008-05-09T14:07:00.000+01:00"Working at Hooters is starting to sound like fun...."Working at Hooters is starting to sound like fun...seriously!"<BR/><BR/>New REIC Mantra and Job Posting.<BR/><BR/>F*ck the REIC. ALL of you.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-55533606540205794822008-05-09T13:18:00.000+01:002008-05-09T13:18:00.000+01:00Email/Call Bush to stop housing bailout!http://glo...Email/Call Bush to stop housing bailout!<BR/><BR/>http://globaleconomicanalysis.blogspot.com/2008/05/tax-rebates-robbing-peter-to-pay-paul.htmlAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-63846429199434060452008-05-09T12:21:00.000+01:002008-05-09T12:21:00.000+01:00The cfc employee blog stated that LAYOFFS were hap...The cfc employee blog stated that LAYOFFS were happening today (5/9/2008)at CW.<BR/><BR/>I'll be watching Mortgage Implode like a hawk today.<BR/><BR/>Also, they only have 1,500 foreclsores listed on there website for the state of FL. What a crock of crap, they must have 1,500 foreclosures JUST in central florida.<BR/><BR/>BeignetAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-65982892010280427672008-05-09T09:18:00.000+01:002008-05-09T09:18:00.000+01:00I have a silly question. If it was common knowledg...<I><BR/>I have a silly question. If it was common knowledge Countrywide was such a stinker investment, why were investors buying its stock even when Mozilo was bailing out of his holdings? I mean for every seller there has to be a buyer, right?<BR/></I><BR/><BR/>There were people denying that there was a housing bubble in 2006-2007. People are delusional and believe what they want to believe.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-47518639535570736962008-05-09T06:31:00.000+01:002008-05-09T06:31:00.000+01:00Keith - You nail it every time. Where did you get...Keith - You nail it every time. Where did you get your crystal ball? Mine never seems to work so I have to keep coming back here to find the truth. Really, you are amazing.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-90757345872486062432008-05-09T05:48:00.000+01:002008-05-09T05:48:00.000+01:00It will go through - Lewis has never backed out of...It will go through - Lewis has never backed out of anything.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-8900853065812621672008-05-09T05:31:00.000+01:002008-05-09T05:31:00.000+01:00INSTRUCTIONS FOR WALKING AWAYSUPPLIES REQUIRED:1. ...INSTRUCTIONS FOR WALKING AWAY<BR/><BR/>SUPPLIES REQUIRED:<BR/><BR/>1. READY MIX CEMENT<BR/><BR/>2. EXTERIOR ORANGE PAINT<BR/><BR/>3. ORANGE ENVELOPE<BR/><BR/>4. ORANGE DYE<BR/><BR/>ORANGE ACTION PLAN:<BR/><BR/>1. PAINT ALL INTERIOR WALLS, CEILINGS, AND FLOORS WITH ORANGE EXTERIOR PAINT<BR/><BR/>2. MIX READY MIX CEMENT WITH ORANGE DYE AND POUR INTO ALL TOILETS AND DRAINS WHILE STILL WET<BR/><BR/>3. INSERT HOUSE KEYS INTO ORANGE ENVELOPE AND MAIL THEM TO ORANGE MANAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-2447592886298946382008-05-09T05:09:00.000+01:002008-05-09T05:09:00.000+01:00> If you have ANY money in Countrywide, GET IT OUT...> If you have ANY money in Countrywide, GET IT OUT AND GET IT OUT NOW.<BR/><BR/>... if it is not FDIC insured and you may need it soon, otherwise the money will earn you interest even through Countrywide's blow-up.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-40304938532967039012008-05-09T04:00:00.000+01:002008-05-09T04:00:00.000+01:00I have a silly question. If it was common knowled...I have a silly question. If it was common knowledge Countrywide was such a stinker investment, why were investors buying its stock even when Mozilo was bailing out of his holdings? I mean for every seller there has to be a buyer, right?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-27569903385882991682008-05-09T02:51:00.000+01:002008-05-09T02:51:00.000+01:00Hey, can you report the on a server down here in t...Hey, can you report the on a server down here in the Carribean?<BR/><BR/>Are they saying CFC will go Bankrupt soon?<BR/><BR/>Thinking of moving more money to my bank in Panama.<BR/><BR/>AngeloAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-86040489856923461462008-05-09T02:38:00.000+01:002008-05-09T02:38:00.000+01:00Bush loves al-Qaida, if you think about it for jus...Bush loves al-Qaida, if you think about it for just one minute.<BR/><BR/>Bush (should) be arrested as well.<BR/><BR/>Put them both in the same cell. (Bush and mozolo whatever.) <BR/><BR/>The world will be a much safer place.<BR/><BR/>Dont forget Dick too.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-43340276361926184022008-05-09T02:36:00.000+01:002008-05-09T02:36:00.000+01:00here are major insiders and major holders of stock...here are major insiders and major holders of stock according to yahoo financial at this time. would someone care to explain to me why these companies never bailed on this investment when they had the chance or is it that they couldn't?<BR/><BR/>i mean what does this all mean? that all of these investments now go to zero? doesn't that put a crimp in someone's portfolio? or do they know something we don't? do they smell a federal bailout coming?....<BR/><BR/>Major Holders <BR/> <BR/>% of Shares Held by All Insider and 5% Owners: 8%<BR/>% of Shares Held by Institutional & Mutual Fund Owners: 109%<BR/>% of Float Held by Institutional & Mutual Fund Owners: 118%<BR/>Number of Institutions Holding Shares: 381<BR/><BR/>MAJOR DIRECT HOLDERS (FORMS 3 & 4)<BR/>Holder Shares Reported<BR/>MOZILO ANGELO R 497,297 12-Oct-07<BR/>GARCIA CARLOS MANUEL 496,391 21-Jun-07<BR/>SIERACKI ERIC P 221,928 31-May-07<BR/>SAMBOL DAVID 200,837 19-Jul-07<BR/>DONATO ROBERT J 189,647 1-Apr-08<BR/><BR/> <BR/><BR/><BR/>TOP INSTITUTIONAL HOLDERS<BR/>Holder Shares % Out Value* Reported<BR/>BRANDES INVESTMENT PARTNERS L.P. 55,325,167 9.53 $494,606,992 31-Dec-07<BR/>Legg Mason Capital Management, Inc. 54,636,544 9.41 $488,450,703 31-Dec-07<BR/>Capital World Investors 31,259,000 5.38 $279,455,460 31-Dec-07<BR/>FMR LLC 30,992,478 5.34 $277,072,753 31-Dec-07<BR/>GOLDMAN SACHS GROUP INC 28,095,122 4.84 $251,170,390 31-Dec-07<BR/>Capital Research Global Investors 25,450,000 4.38 $227,523,000 31-Dec-07<BR/>WELLINGTON MANAGEMENT COMPANY, LLP 23,883,186 4.11 $213,515,682 31-Dec-07<BR/>Barclays Global Investors UK Holdings Ltd 22,376,812 3.85 $200,048,699 31-Dec-07<BR/>PZENA INVESTMENT MANAGEMENT, LLC 22,128,424 3.81 $197,828,110 31-Dec-07<BR/>Allianz Global Investors of America L.P. 21,857,872 3.76 $415,518,146 30-Sep-07<BR/><BR/>TOP MUTUAL FUND HOLDERS<BR/>Holder Shares % Out Value* Reported<BR/>Capital Research Global Investors 25,450,000 4.38 $227,523,000 31-Dec-07<BR/>WASHINGTON MUTUAL INVESTORS FUND 15,794,000 2.72 $141,198,360 31-Dec-07<BR/>LEGG MASON OPPORTUNITY TRUST FUND 13,500,000 2.32 $120,690,000 31-Dec-07<BR/>AMERICAN FDS INSURANCE SER-GROWTH/INCOME FD 8,500,000 1.46 $75,990,000 31-Dec-07<BR/>JOHN HANCOCK CLASSIC VALUE FUND 8,163,924 1.41 $72,985,480 31-Dec-07<BR/>AMERICAN FDS INSURANCE SER-GROWTH FD 7,740,000 1.33 $69,195,600 31-Dec-07<BR/>VARIABLE INSURANCE PRODUCTS FD-GROWTH PORTFOLIO 5,642,800 .97 $35,606,068 29-Feb-08<BR/>VANGUARD 500 INDEX FUND 5,441,516 .94 $48,647,153 31-Dec-07<BR/>FIDELITY MAGELLAN FUND INC 5,000,000 .86 $31,550,000 29-Feb-08<BR/>PRICE (T.ROWE) EQUITY INCOME FUND 4,974,000 .86 $44,467,560 31-Dec-07Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-87592235492238864972008-05-09T01:54:00.000+01:002008-05-09T01:54:00.000+01:00They may have been "too big to fail" a couple year...They may have been "too big to fail" a couple years ago, but not anymore. Goodbye CFC. And good riddance.TMhttps://www.blogger.com/profile/16972726941993291842noreply@blogger.comtag:blogger.com,1999:blog-18675105.post-74949485198597199812008-05-09T01:23:00.000+01:002008-05-09T01:23:00.000+01:00Citigroup considers $400bn asset saleBy Francesco ...Citigroup considers $400bn asset sale<BR/><BR/>By Francesco Guerrera in New York<BR/><BR/>Published: May 9 2008 00:41 | Last updated: May 9 2008 00:41<BR/><BR/>Citigroup will on Friday identify as much as $400bn in non-core assets that could be sold as part of plans to reduce costs and restore profit growth to double-digit rates, according to people close to the situation.<BR/><BR/>At a long-awaited meeting with Wall Street analysts, Vikram Pandit, Citi’s chief executive, also plans to confirm his pledge, first disclosed in the Financial Times, to cut Citi’s cost base of over $60bn by about 20 per cent.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-12819472618771318792008-05-09T00:44:00.000+01:002008-05-09T00:44:00.000+01:00If Bernanke intervenes to help Countrywide, he wil...If Bernanke intervenes to help Countrywide, he will lose that last little shred of respect that I still have for him.Refuse to buy overpricedhttps://www.blogger.com/profile/04529128673944692315noreply@blogger.comtag:blogger.com,1999:blog-18675105.post-55827634002953312132008-05-09T00:28:00.000+01:002008-05-09T00:28:00.000+01:00Mairca is evil. We should kill all Maircans. Start...Mairca is evil. We should kill all Maircans. Start the killing on both coasts and work your way into flyover territoryAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-59043916572743447812008-05-08T23:58:00.000+01:002008-05-08T23:58:00.000+01:00Not only will Countrywide fail completely so will ...Not only will Countrywide fail completely so will the much bigger and more dangerous financial neutron bombs Fannie and Freddie. <BR/><BR/>And you the American people will be the one's to bail them out. <BR/><BR/>HahahahahaAHAHAHAHA!!!! <BR/><BR/>Grilled snapper turtles here we come!!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-30992272421359900622008-05-08T23:57:00.000+01:002008-05-08T23:57:00.000+01:00This is usually a bad sign of inflation:When the v...This is usually a bad sign of inflation:<BR/><BR/>When the value of money is worth less than the metal it's made of.<BR/><BR/><A HREF="http://money.cnn.com/2008/05/07/news/economy/steel_pennies.ap/index.htm?postversion=2008050708" REL="nofollow">Congress considers the steel penny</A>Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-64966095082362388852008-05-08T23:06:00.000+01:002008-05-08T23:06:00.000+01:00The take home message here is that they may actual...The take home message here is that they may actually believe "the worst is behind us" and they will start letting things fail.<BR/><BR/>Bush vetoing the give away to the little guy is another aspect of this confidence/hubris.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-47353306961479556532008-05-08T22:50:00.000+01:002008-05-08T22:50:00.000+01:00I say old Hank better start dancing to distract th...I say old Hank better start dancing to distract the market tomorrow. With AIG the latest to hit the skids the market will not be happy tomorrow.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-69766131020234717262008-05-08T22:44:00.000+01:002008-05-08T22:44:00.000+01:00Thanks for the heads-up.I just initiated the trans...Thanks for the heads-up.<BR/><BR/>I just initiated the transfer of all my cash out of my Countrywide account.<BR/><BR/>Interest rate isn't as good in the other account, but figure it's better to be safe than sorry for the next few months to see if they collapse.Anonymousnoreply@blogger.com