bigcityloans

Bill Miller: Countrywide Financial Is Worth $40/Share

Countrywide's stock will drop to 4 cents before it reaches $40.00 ... once its loan portfolio has been made transparent ... unless ... it is bought by Bank of America ... which I would guess is off the table now.

Countrywide's Troubled Financials

Once Countrywide's depositors recognize that their money is being used to float the failing company then there will be a run on the bank. News flow will speed the inevitable demise of the company. It's only a matter of time ... note the price of the stock today.