Comments on: Everybody Take A Deep Breath — Countrywide Isn’t Chrysler

By: BawldGuy

BawldGuy — Thu, 23 Aug 2007 04:50:15 +0000

Thanks Hans – I’ll do my best to live up to your confidence.

By: Hans

Hans — Thu, 23 Aug 2007 04:41:48 +0000

Well given your observations about B of A and this evenings events… I’d say you have gained a reader. I’ve already added your blog to my google reader account.

By: So if there has to be a bail out… | BloodhoundBlog: Real estate marketing and technology blog | Realtors and real estate, mortgages, lending, investments

Tue, 21 Aug 2007 05:54:13 +0000

[...] What if Jeff and Brian are right? What if it is preordained in the cards that a federal bail out of Countrywide is an absolute necessity and a foregone conclusion should the behemoth lender fail? While Jeff certainly provides a well reasoned and thrilling John Grisham version of a Countrywide rescue; why wouldn’t we look at some other (less plausible no doubt) bail out options? [...]

By: Sub-Prime Borrowers Got Lucky- They Didn’t Pay Enough | BloodhoundBlog: Real estate marketing and technology blog | Realtors and real estate, mortgages, lending, investments

Tue, 21 Aug 2007 05:12:54 +0000

[...] Jeff Brown replied, “Countrywide ain’t no Chrysler” and proved that my premise may be an insult to Adam Smith. His idea of a bailout was more along the lines of a Tom Clancy novel with Ben Bernanke playing Jack Ryan, Angelo Mozilo playing Dr. Strangelove, and Bank of America playing the United States Marine Corps. Life often imitates art so my money’s on Jeff’s covert bailout plan. [...]

By: BawldGuy

BawldGuy — Mon, 20 Aug 2007 20:04:44 +0000

Though painful to many people, your scenario sounds very plausible Phil.

By: Phil Hoover

Phil Hoover — Mon, 20 Aug 2007 19:48:46 +0000

I am guessing that CW will be acquired by a broadly-diversified bank ~ probably B of A or Wells Fargo.
CW’s currently-low stock price will help it happen.
Then, they will downsize the company and restructure it to be proportionate to market conditions.
Translation: Massive change and layoffs.

By: BawldGuy

BawldGuy — Mon, 20 Aug 2007 00:16:52 +0000

Hans – That is the best question yet.

Their depositors are insured. Still, if I had a big part of my cash there, I’d think like most folks would, and give serious thought to taking it elsewhere. That’s without my investment hat on.

I’m no different than everyone else Hans. It’s my opinion nobody with money deposited there, and following the rules required for them to be insured, will lose anything.

Still, if it’s my money, it’s a lot harder to say that so confidently. There’s nothing like the fear of even a remote chance you could lose a substantial amount of your savings. Rationally I know the money is safe. How often are folks in this set of circumstances totally rational?

You make a great point with your question.

Public confidence is such a large part of our economy, isn’t it?

Thanks again Hans.

By: Hans

Hans — Mon, 20 Aug 2007 00:00:26 +0000

Was the run on countrywide branches by it’s depositors warranted? Do you feel keeping $ with them is a mistake at this point?

By: BawldGuy

BawldGuy — Sun, 19 Aug 2007 16:51:26 +0000

Thanks Jennifer – Readers, click on the link, Central Denver…. and read the Countrywide press release. They’re either about to pull of a huge upset, embarrassing mainstream media, (who must be used to that by now) or they’re whistling past the cemetery.

By: Central Denver Blog » Blog Archive » Is Countrywide Still Open for Business?

Sun, 19 Aug 2007 02:14:32 +0000

[...] Countrywide Failing?A Billion Here, A Billion There and Suddenly You’re Talking Real MoneyEverybody Take a Deep Breath — Countrywide isn’t ChryslerHere is What I Think About Countrywide [...]