Hey, who cares if the taxpayer (FDIC) will be left holding the bag? Get those high rates up there, attract some last few suckers with 5.6%, meanwhile dump shares like crazy, and then hit the road!
Countrywide and IndyMac. Posterboys of the Great Housing Crash and Ponzi Scheme. Anyone want to bet which company announces Chapter 11 first? The one Angelo currently runs (into the ground) Countrywide, or the one he founded and is now racing CFC into the ground - IndyMac.
Yup, I'm short 'em both, and the above is 100% personal opinion and free speech. Damn folks, get your money out of these two banks! Hurry!
Countrywide: 5.49% 1-Year CD
IndyMac: 5.41% 1-Year CD
P.T. Barnum Bank: 100% 1-Year CD
(BONUS: Oh, what do you think of the picture? Good point of reference. Anyone catch Mozilo and Michael Jackson together send me the snap. Man, that guy cracks me up. And guess what HP'ers - the guy on the right is Eric Mozilo, less-orange brother of Angelo. So guess where he used to work? You got it - INDYMAC. He was VP of Biz Dev there.. Small world eh?)
