Countrywide Financial Corp. (CFC)

All Comments on CFC

  • commenter
    Jul 01 04:25 PM
    Massive Government and Private Sector Job Cuts Coming [view article]
    When the automobile came along, a whole lot of farriers (people who shoe horses) went out of business, and those farrier jobs never came back. Oddly enough the world did not end, the sun rose in the east and set in the west, and perhaps even more oddly the world's economies continued to grow, with intermittent periods of contraction.

    Mish is right that many of the financial engineering jobs created over the past decade are gone, and frankly, good riddance to them. He's also right in my view that we're headed for a pretty tough road aheahd, and we'll face a period of contraction. It seems we don't share the following view, though: the world is not ending, tomorrow the sun will rise in the east and set in the west, and the world's economies will continue to grow after this period of contraction. Yes, a lot of people are going to lose their jobs. They'll figure out something else to do. A few might kill themselves. The earth will continue to spin on its axis.
    Reply
  • commenter
    Jul 01 01:03 PM
    Countrywide: Potential Short Squeeze in the Offing [view article]
    So I guess the author of the article (as well as his ponies named Marol and Always Elevate) got an expensive lesson :) BTW, good luck with that BAC long position now... Reply
  • commenter
    Jul 01 12:11 PM
    My Website
    Massive Government and Private Sector Job Cuts Coming [view article]
    the one thing you cant trust is this govt igures on anything especially inflation & unemployment.ok-call me unpatriotic. Reply
  • commenter
    Jul 01 08:54 AM
    Massive Government and Private Sector Job Cuts Coming [view article]
    People who don't know what they are talking about, please post elsewhere. Thank you. Reply
  • commenter
    Jul 01 06:48 AM
    Massive Government and Private Sector Job Cuts Coming [view article]
    The government does not base the unemployment rate on the insurance program at all. It's based on a monthy survey:

    www.bls.gov/cps/cps_ht...
    Reply
  • commenter
    Jul 01 03:51 AM
    Massive Government and Private Sector Job Cuts Coming [view article]
    Just how many jobs can niche job boards and social networks absorb?
    Also, unemployment will soar only for a little while. The official unemployment rate only considers those who *currently* qualify for the program. Those who's unemployment runs out are also dropped from the statistics regardless of their employment prospects. Effectively, 6 months after the last job in America is lost, the official unemployment rate will be zero and the American propaganda machine will be calling it a full employment miracle.
    Reply
  • commenter
    Jul 01 02:20 AM
    My Website
    Massive Government and Private Sector Job Cuts Coming [view article]
    Some niche job boards and social networks keep adding finance jobs. Reply
  • commenter
    Jun 30 04:56 PM
    Bond Market Skepticism: Lehman et al. [view article]
    It's "separate" and "skeptical." Spell checkers are wonderful. Reply
  • commenter
    Jun 30 04:22 PM
    Bond Market Skepticism: Lehman et al. [view article]
    Ken lewis is stupid, toxic paper and lawsuits is all he is getting with COF. Reply
  • commenter
    Jun 30 04:01 PM
    The Bank of America Bug [view article]
    If they lay off 7,000 and each had a cost of $38,000 that should free up 266 million. Wondering about that dividend. They have 4.4 billion float and pay out $2.56 per share. Over 11 billion payout. Don't see how they keep the dividend as is. Reply
  • commenter
    Jun 30 01:46 PM
    My Website
    The Bank of America Bug [view article]
    Nobody can beat Citi to the bottom. The question becomes, when will it be bailout time for them. Wachovia has $30 billion in bad loans, Wells Fargo has better reserves than they do. Reply
  • commenter
    Jun 30 01:29 PM
    The Bank of America Bug [view article]
    Contrary to my expectations, Wachovia beat CITI in the downward race to $15. But CITI willo get there soon. Now it is a race between Bank of America and Wells Fargo. My guess is that Bank of America will come from behind to win this one. The reason--- Countrywide. Reply
  • commenter
    Jun 30 12:24 PM
    The Bank of America Bug [view article]
    Warrior 1 you're an idiot.................... Reply
  • commenter
    Jun 30 04:09 AM
    The Bank of America Bug [view article]
    We The People – Of These United States – Reclaim – This Union.

    This Union of equality – This Union of Justice – This Union of Freedom for All – For all men - women and children – Are all created equal – Under this Union – The Constitution of - All the Free.

    Now Under this Union – of All – our house must too be in order.

    WE have Liberman – trying to hold the world hostage – with his – I’ll vote repub – if you don’t give me what I want – of my world of greed.

    Then we Have Dodd and others – who have also walked across the graves of the American dream – Millions of Americans – taken for a ride – on the greed of countrywide – and VIP insider loan buyers.

    In order to correct our house – Liberman needs to be told – retire repub – and Dodd needs to be replaced on the banking committee – The other given small posts.

    Let Cheney come down to the senate – and make all the headlines – of the lying repubs they are – on all his votes.

    If we do not clean the log out of our own eye – how can we say – anything about the trees in the repubs eyes?

    It’s clean house time boys and girls.
    Reply
  • commenter
    Jun 30 04:08 AM
    The Bank of America Bug [view article]
    We The People – Of These United States – Reclaim – This Union.

    This Union of equality – This Union of Justice – This Union of Freedom for All – For all men - women and children – Are all created equal – Under this Union – The Constitution of - All the Free.

    Now Under this Union – of All – our house must too be in order.

    WE have Liberman – trying to hold the world hostage – with his – I’ll vote repub – if you don’t give me what I want – of my world of greed.

    Then we Have Dodd and others – who have also walked across the graves of the American dream – Millions of Americans – taken for a ride – on the greed of countrywide – and VIP insider loan buyers.

    In order to correct our house – Liberman needs to be told – retire repub – and Dodd needs to be replaced on the banking committee – The other given small posts.

    Let Cheney come down to the senate – and make all the headlines – of the lying repubs they are – on all his votes.

    If we do not clean the log out of our own eye – how can we say – anything about the trees in the repubs eyes?

    It’s clean house time boys and girls.
    Reply