Buy Countrywide CFC

Quote from QuantPlus:

Bottom fishing in a hysterical selloff...
Is the DUMBEST move you can make.

It's ONLY for very well-connected, experienced Pros.

This is like the 2002 Energy Sector selloff...
A lot of "quality" companies will be $0.10 to $0.20 on the dollar before it's over.

No one really knows how to evaluate...
Newly invented sub-prime "loan obligations".

One can make a killing in this market...
But NOT by making directional bets.
More...

It's like watching the History Channel special on "Divine Wind", The Kamikazes. The ones left to tell the story were the chickens, or at least the ones that screwed up, missed the ships, and lived. I'll take that route, thank you.
 
Wow, 20%, what does that say about the value of the common....geez. Either the bonds are cheap or the common is dear. I don't think the common is cheap here.
 
Go to bank today withdraw all the money before they waste on CFC.

How come CFC is the largest lender, it has to compete with price for the last few years, CFC is the next:

Enron
 
Quote from MattF:

40 banks stupid enough to lend to them...they can kiss those lines goodbye :D
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LMAO, glad to hear you are smarter than 40 banks!!!
 
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