1
Prop
Give Props
No Bottom in Housing
This Link is located in the Public Channel Housing Bubble and Bear Links.
Posted by ian 157 days ago (online.barrons.com).  Views: 43
Tags: housing bubble  real estate  foreclosure  pay option arms
Related Tags: credit crisis  gold  wall street  economics  peter schiff  inflation  banks  
The culprit in this case is Angelo Mozilo, the man who founded and ran the infamous Countrywide Financial, which made a real contribution to the decline and fall of housing, the deep freeze of the credit market and all the calamitous things that [More...]
3
Props
Give Props
Q&A With Janet Tavakoli, who predicted the credit crisis years before her peers
This Link is located in the Public Channel Housing Bubble and Bear Links.
Posted by ian 196 days ago (forbes.com).  Views: 93
Tags: credit crisis  derivatives
Related Tags: economics  stock market  banks  housing bubble  recession  gold  bailout  
And then there was pressure on Fannie and Freddie to buy loans that were a bit questionable in terms of their underwriting standards, from institutions like Countrywide. So, a lot of that product started seeping into their portfolios, and now you've [More...]
1
Prop
Give Props
TIME Magazine: Citigroup, Wells Fargo prognosis not good
This Link is located in the Public Channel Housing Bubble and Bear Links.
Posted by ian 272 days ago (time.com).  Views: 316
Tags: banks  credit crisis
Related Tags: economics  stock market  housing bubble  recession  bailout  gold  wall street  
) Bank of America Loan losses: BofA's buyout of mortgage broker Countrywide means the bank has $400 billion in home loans outstanding — more than its competitors. Worse, Countrywide, by nearly all accounts, had shockingly low lending standards. Chalk [More...]
2
Props
Give Props
Economic Collapse: It would serve America well not to follow the blundering steps of the Japanese government
This Link is located in the Public Channel Housing Bubble and Bear Links.
Posted by ian 285 days ago (thecuttingedgenews.com).  Views: 79
Tags: japan  credit crisis  depression  recession
Related Tags: economics  stock market  housing bubble  banks  economy  gold  bailout  
Angelo Mozilo, Dick Fuld, Charles Prince, Jimmy Cayne, John Thain, Stanley O’Neal, Ken Thompson, Robert Steele, Martin Sullivan, Hank Greenberg, Richard Syron, Daniel Mudd, Kerry Killinger, Raymond McDaniel, Terry McGraw and probably a few I’ve missed, [More...]
3
Props
Give Props
Chris Whalen: Americans refuse to accept that shareholders of banks will be completely wiped out (video)
This Link is located in the Public Channel Housing Bubble and Bear Links.
Posted by ian 303 days ago (finance.yahoo.com).  Views: 298
Tags: credit crisis  banks
Related Tags: economics  stock market  housing bubble  recession  bailout  gold  wall street  
JPMorgan's purchase of Washington Mutual followed this script, for example; Bank of America's purchase of both Countrywide and Merrill did not, which is why Ken Lewis is now stuck with "two rancid, hideous cancers," Whalen says. Give money to [More...]
2
Props
Give Props
The End of Banking as We Know It
This Link is located in the Public Channel Housing Bubble and Bear Links.
Posted by ian 306 days ago (nytimes.com).  Views: 94
Tags: banks  credit crisis
Related Tags: economics  stock market  housing bubble  recession  bailout  gold  wall street  
A few days later, Bank of America, another serial acquirer of troubled institutions —Merrill Lynch and Countrywide Financial most recently — fessed up that its deals now need taxpayer backing. The United States government invested an additional $20 [More...]
1
Prop
Give Props
Another Sad Day For America - Habitual Gambler Ken Lewis bragged Bank of America would not need Govt/Taxpayer assistance when it chose to purchase Merrill Lynch
This Link is located in the Public Channel Housing Bubble and Bear Links.
Posted by ian 309 days ago (messages.finance.yahoo.com).  Views: 269
Tags: bank of america  banks  bailout
Related Tags: finance  wall street  credit crisis  housing bubble  recession  gold  economics  
But much like the previous purchases of MBNA, LaSalle, Countrywide proved to be both terribly expensive and ill-timed add the acquisition of Merrill to Ken's growing list of bonehead moves. What makes this latest debacle that much more troubling is [More...]
1
Prop
Give Props
Bank of America's Ken Lewis Should Be Fired
This Link is located in the Public Channel Housing Bubble and Bear Links.
Posted by ian 309 days ago (clusterstock.alleyinsider.com).  Views: 126
Tags: bank of america  banks
Related Tags: credit crisis  housing bubble  recession  bailout  gold  finance  economics  
His disastrous acquisition decisions--first on Countrywide and now on Merrill Lynch--have brought Bank of America to the brink of collapse. He has destroyed the firm's shareholders, and, once again, forced U.S. taxpayers to bail him and his demolished [More...]
2
Props
Give Props
Time for luxury homebuilders like Toll Brothers, the last holdouts in the housing bubble, to collapse
This Link is located in the Public Channel Housing Bubble and Bear Links.
Posted by ian 1 year 33 days ago (finance.yahoo.com).  Views: 409
Tags: housing bubble  homebuilders
Related Tags: credit crisis  gold  wall street  economics  peter schiff  inflation  banks  
I don't discuss many individual stocks here, but the ones I have discussed in a bearish light have all completely collapsed (Bear Stearns, Countrywide, ACF, WM, Wachovia, retail sector, Lehman, Spanish banks). Toll Brothers, Inc. engages in [More...]
2
Props
Give Props
Roubini: BofA's Lewis Totally Overpaid in Reckless Deal for Merrill (video)
This Link is located in the Public Channel Housing Bubble and Bear Links.
Posted by ian 1 year 66 days ago (finance.yahoo.com).  Views: 196
Tags: merrill lynch  banks  credit crisis
Related Tags: economics  stock market  housing bubble  recession  bailout  gold  wall street  
In addition to the unknown "toxic" Level 3 assets on Merrill's books, Roubini notes Bank of America is still absorbing its acquisition of Countrywide from earlier this year - not to mention prior deals for LaSalle Bank in 2007 and MBNA in [More...]
1
Prop
Give Props
"Forensic" Analysis of Lehman Problems Points to Countrywide-Type Disaster (pdf)
This Link is located in the Public Channel Housing Bubble and Bear Links.
Posted by ian 1 year 93 days ago (researchrecap.com).  Views: 124
Tags: lehman  credit crisis  housing bubble  banks
Related Tags: economics  stock market  wall street  gold  inflation  peter schiff  recession  
PDF content pasted below for those who prefer html: By this time, most of us are aware of the sweeping damages caused by the collapse of Countrywide Financial Corporation (CFC). In fact, problems were apparent as far back as October 24, 2006, when [More...]
4
Props
Give Props
Meredith Whitney: The decline in home prices is going to be "well worse than 33%"
This Link is located in the Public Channel Housing Bubble and Bear Links.
Posted by ian 1 year 107 days ago (youtube.com).  Views: 1,003
Tags: credit crisis  banks
Related Tags: economics  stock market  housing bubble  recession  bailout  gold  wall street  
And further, then you've got to find a bank to lend to you, because Countrywide's not lending to you, Washington Mutual's not gonna lend to you." Here is Part 2 of the CNBC Interview, where she claims bank stocks will ultimately break below their [More...]
2
Props
Give Props
WaMu: Liquidity Options Running Low
This Link is located in the Public Channel Housing Bubble and Bear Links.
Posted by ian 1 year 116 days ago (mrmortgage.ml-implode.com).  Views: 144
Tags: washington mutual  banks  credit crisis
Related Tags: economics  stock market  housing bubble  recession  bailout  gold  wall street  
When I first read this press release from WaMu, it reminded me of the news in January 2008 when Countrywide was collapsing. The story was that Countrywide had “$50 billion in ready-liquidity” and it was being re-run every 10 minutes on bubblevision. [More...]
1
Prop
Give Props
WM trading down 38% today - Yahoo! Message Boards: "WaMu Has $370B of assets on the books"
This Link is located in the Public Channel Housing Bubble and Bear Links.
Posted by ian 1 year 130 days ago (messages.finance.yahoo.com).  Views: 364
Tags: washington mutual  credit crisis  banks
Related Tags: economics  stock market  housing bubble  recession  bailout  gold  wall street  
Does anyone on this board know that BofA is likely to fall below required capital after they book all of Countrywide's bad debts? They will apply for an exemption...... If the situation deteriorates beyond the worst case basis projected by WaMu when [More...]
2
Props
Give Props
Goodbye Lehman Brothers, see you at $5 soon (chart)
This Link is located in the Public Channel Housing Bubble and Bear Links.
Posted by ian 1 year 162 days ago (img88.imageshack.us).  Views: 793
Tags: lehman  washington mutual  enron  bear stearns  housing bubble
Related Tags: credit crisis  gold  wall street  economics  peter schiff  banks  inflation  
Check out some Washington Mutual and Countrywide charts so you can see what's in store for Lehman in the short term. Enron, Countrywide, Bear Stearns, Lehman ... the song remains the same. You greedy pigs who ran these shops deserve everything that [More...]
1
Prop
Give Props
Why Bank of America will never close the deal to buy con artist Angelo Mozilo's Countrywide
This Link is located in the Public Channel Housing Bubble and Bear Links.
Posted by ian 1 year 198 days ago (us1.institutionalriskanalytics.com).  Views: 77
Tags: housing bubble  countrywide  angelo mozilo
Related Tags: credit crisis  gold  wall street  economics  peter schiff  inflation  banks  
Reis & John Flynn The Stratford Press (1937) Last week, we described how a Bank of America (NYSE:BAC) acquisition of Countrywide Financial (NYSE:CFC) might go forward -- if BAC was willing to endure uncertainty with respect to CFC's current and [More...]
2
Props
Give Props
The U.S. is Choking on Debt Financed Expansion
This Link is located in the Public Channel Housing Bubble and Bear Links.
Posted by ian 1 year 242 days ago (huffingtonpost.com).  Views: 169
Tags: housing bubble  credit bubble
Related Tags: credit crisis  gold  wall street  economics  peter schiff  inflation  banks  
"Federal investigators probing the business practices of Countrywide Financial Corp. are trying to figure out what Countrywide knew -- or in some cases didn't know -- about the incomes and assets of thousands of its borrowers. The [More...]
2
Props
Give Props
Burned by Bear Stearns: Bill Miller of Legg Mason - the credit crisis is transforming celebrity investors into laggards, as their traditional down-market playbooks are failing miserably
This Link is located in the Public Channel Housing Bubble and Bear Links.
Posted by ian 1 year 244 days ago (online.wsj.com).  Views: 770
Tags: housing bubble  bear stearns
Related Tags: credit crisis  gold  wall street  economics  peter schiff  inflation  banks  
and other financial companies like Countrywide Financial Corp., while missing out on big gains in energy in recent years. The sudden decline illustrates how quickly the credit crisis is transforming celebrity investors into laggards, as their [More...]
1
Prop
Give Props
FBI Investigating Countrywide for Securities Fraud
This Link is located in the Public Channel Housing Bubble and Bear Links.
Posted by PhilH 1 year 257 days ago (hosted.ap.org).
Views: 63
Federal authorities are investigating Countrywide Financial Corp. for securities fraud, according to media reports. The FBI is in the early stages of an inquiry into whether company officials misrepresented its financial position and the quality of its [More...]
2
Props
Give Props
Mozilo Proven a Liar - Countrywide Posts $0.42 Billion 4Q Loss
This Link is located in the Public Channel Housing Bubble and Bear Links.
Posted by ian 1 year 297 days ago (ap.google.com).  Views: 140
Tags: angelo mozilo  countrywide
Related Tags: housing bubble  wall street  real estate  stocks  bubble  subprime  
Liar / crook Angelo Mozilo predicted his Enron-esque company Countrywide would earn a profit this quarter. Oops - they lost a few bucks - $422,000,000 - but close enough. Go to hell, Mr. Mozilo. - - - - - - - - - - - - - - - - - - - - - - - - - - - - [More...]

©2009 MyProps Inc.  Contact Us - Privacy Policy - Terms of Service