Countrywide Financial Corp (CFC)

sailinwind (43.65) Submitted: 4/23/08 11:58 AM

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How can you lose $10 a share where CFC is only trading in $5-$6 range?

puzzled

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RADARTHREE (< 20) Submitted: 5/02/08 9:55 AM

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if the fed thought it necessary to bail out Bear Stearns, there is NO WAY they will let CFC fail. Too much consumer confidence is tied up in the mortgages it wrote and that everyday people hold. Average people don't really even understand what BS did, but the whole country knows what CFC Does and the fed knows they know. If BAC wants out the fed will make it a sweetheart deal to keep the deal on track. Load and and prepare for a monster 3-5 year return.

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peteriehl (99.06) Submitted: 5/07/08 9:46 AM

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God, I pray this doesn't happen.

Why does it matter that every day people know there are a butt load of bad mortgages out there?

Consumer confidence is at an all time low, will letting these slime ball lenders off the hook really disrupt consumer confidence further? Personally it would give me a bit more faith in the "system".

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Richthofen80 (74.53) Submitted: 5/15/08 11:08 AM

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Yeah but if the Gov't does the same thing to CFC that they did to Bear Stearns, its still bad to invest in CFC. Bear Stearns shareholders lost in the buyout. CFC will lose in any buyout. The reality is all the gov't has done is back assets via taxpayer money. there's still loss incentives built in and believe me, with how fast and loose CFC played with the rules there are definitely still tons of losses coming

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PatientTrader (92.95) Submitted: 5/16/08 4:27 PM

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Let me paint a different picture of the end result of CFC. Bank of America will back out of the deal, and CFC will survive and with in 2 years be at $15-20 a share. I know you think I'm crazy, but that's what makes this business fun!

Good Luck and buy low!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

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CWemployee123 (< 20) Submitted: 5/22/08 6:45 PM

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Was an employee of this firm and when they made the move from Mortage company to a Bank they pushed all the employees to buy company stock and painted a rosy picture that things would get better... What happened the stock dropped more than 60% Angelo would look real nice a pin stripe suit (Black and White behind bars). He received the company jet paid for by Countrywide, withdrew all his vested interest in the company right before reporting major loses close to more than 450 million, started up a back up company with his friends "Pennytalk" complete Scumbag... CFC is virtually bankrupt and just passing time and waiting for the long hoped BofA rescue... Hopefully regulators will be true patriots and go after the Economic Terrorists... They are taking full advantage of all the rules with bankruptcy charging up erroneous fees basically if Angelo gets away with this he send the message of start your own company and when your about to retire run it to the ground; I guess thats the American Way!!!!!!

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normbarnes (< 20) Submitted: 6/11/08 2:55 PM

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Underwriting is an important aspect of a Mortgage Company's production. Changes have occurred so often and with so much added pricing that it would make you believe that if a loan was charged 12% it wouldn't ever possibly go delinquent. Wrong!!!!!!!!!!!!!!! Confusion is the byproduct of the poorly constructed loans. Uncertainty is the byproduct of this confusion. One thing is certain no single company will be forgiven its blunders simply because some "White Knight" chooses to bail them out. In fact it could compromise the very mortar of the saving corporation. It wasn't that long ago that "HI" bought "Beneficial" and had been brought to a point of themselves being accquired by "HSBC". The once strong
HI who at a point had very little corporate debt was weakened by the acquisition.

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