T-minus ? until Countrywide goes under.. . .

NEW -> Contingent Buyer Assistance Program
Mozillos tan has officially become radio active....too funny how people are stumbling away from him at the mear mention of his name. He has become the Charles Keating of this collapse....LOL



http://online.wsj.com/article/SB121332396326070639.html?mod=googlenews_wsj



WASHINGTON -- Sen. Christopher Dodd, a top figure in Democrats' response to the housing crisis, defended through a spokesman two mortgages he reportedly received under a special Countrywide Financial Corp. program that awarded preferential interest rates to people referred to as <strong>"friends"</strong> of the company's chairman and chief executive, Angelo Mozilo.
 
More on the scandal...



<a href="http://www.nytimes.com/2008/06/15/us/15loans.html?ref=us">Senator Says Loan Favoritism Is Possible</a>



"Senator Kent Conrad, Democrat of North Dakota, said Saturday that he would donate $10,500 to charity and refinance a property loan after suggestions that he and other prominent Washington figures received preferential treatment from Countrywide Financial Corporation.



Though Mr. Conrad, chairman of the Budget Committee, said he was not aware of any favoritism shown by the lender that has come under scrutiny in the mortgage crisis, he said a review of e-mail traffic suggested that the loan fee for a beach house may have been reduced because of his status, while a second loan called for an exception by the company.



?Although I did not ask for or know that I was receiving a discount, and even though I was offered a competitive loan from another lender, I do not want to have received preferential treatment,? said Mr. Conrad, who said he was giving $10,500 to Habitat for Humanity. The amount was equivalent to estimates of what Mr. Conrad saved through a reduction of one point on a $1.07 million mortgage..."
 
<a href="http://mrmortgage.ml-implode.com/2008/06/13/mr-mortgage-friends-of-angelo-didnt-get-anything-that-special/">Friends of Angelo didn't get anything that special?</a>
 
DOWNEY FINANCIAL CP(NYSE: DSL)

NEW Real-time: 3.63 0.44(10.81%) 2:16pm EThelp

Last Trade: 3.68

Trade Time: 2:03PM ET

Change: 0.39 (9.58%)

Prev Close: 4.07

Open: 4.10

Bid: N/A

Ask: N/A

1y Target Est: 33.00

Day's Range: 3.61 - 4.21

52wk Range:
 
<em>"Shareholders of the mortgage lender are expected to approve the sale to Bank of America Wednesday. But it remains to be seen if the deal will pan out for BofA".</em>



<a href="http://money.cnn.com/2008/06/24/news/companies/bofa_countrywide/index.htm?postversion=2008062416">Closing the book on Countrywide</a>
 
Two fun tidbits courtesy of <a href="http://la.curbed.com/">CurbedLA</a>



<strong><span style="font-size: 14px;">Lay off my brother: Mozilo's sister blogs in his defense</span></strong> <a href="http://latimesblogs.latimes.com/laland/countrywide_financial/index.html">Stop it you big bullies !</a>



<a href="http://latimesblogs.latimes.com/laland/2008/07/how-bad-were-th.html">1 in 10 Countrywide loans are bad</a> Take that B of A !
 
[quote author="Trooper" date=1216500966]Two fun tidbits courtesy of <a href="http://la.curbed.com/">CurbedLA</a>



<strong><span style="font-size: 14px;">Lay off my brother: Mozilo's sister blogs in his defense</span></strong> <a href="http://latimesblogs.latimes.com/laland/countrywide_financial/index.html">Stop it you big bullies !</a>



<a href="http://latimesblogs.latimes.com/laland/2008/07/how-bad-were-th.html">1 in 10 Countrywide loans are bad</a> Take that B of A !</blockquote>


Countrywide got bailed out by BofA, but will those Countywide loans bring BofA down to its knees...how that's the 64 thousand dollar question...
 
[quote author="morekaos" date=1200159415]Lewis head should be on a pike along with the heads of Citi, Merrill, Bear Stearns, and HSBC. He is an idiot. His losing bet at 2 billion had to be saved by this. Idiots, pride and arrogance got us to where we are. Off with thier heads!</blockquote>


Well, well well...the chickens sure are roosting now, eh? Countrywide and this thread rear their ugly heads again.



<a href="http://www.iht.com/articles/2009/01/15/business/15bank.php">Bank of America may receive more bailout money</a>
 
They should make B of A clear all of these assets at market value before they allow them another dime. Market value being whatever someone will pay for them.



<a href="http://countrywide-foreclosures.blogspot.com/">Countrywide Foreclosures.</a>
 
Lewis must be really happy with this aquisition...what a shrewd and well timed move. How does he do it?



20,255 Homes Offered For Sale on Countrywide Financial's Website

Total REO Asking Price: $3,270,467,911

(As of January 15, 2009)
<fieldset class="gc-fieldset">
<legend> Attached files </legend> <a href="http://www.talkirvine.com/converted_files/images/forum_attachments/229_FnjCLAzNwSVatdx6r4ot.png"><img src="http://www.talkirvine.com/converted_files/images/forum_attachments/229_FnjCLAzNwSVatdx6r4ot.png" class="gc-images" title="COUNTRYWIDE.png" style="max-width:300px" /></a> </fieldset>
 
I see chickens, and they are starting to roost



<a href="http://www.laobserved.com/biz/2009/03/sec_closing_in_on_mo.php">SEC closing in on the Tan Man</a>
 
<img src="http://img.timeinc.net/time/photoessays/2009/blame_25/blame_25_mozillo.jpg" alt="" />



Cant wait to see him hooked up on the way to being sentanced.
 
[quote author="morekaos" date=1236397469]I see chickens, and they are starting to roost



<a href="http://www.laobserved.com/biz/2009/03/sec_closing_in_on_mo.php">SEC closing in on the Tan Man</a></blockquote>




<a href="http://www.break.com/usercontent/2006/11/Prison-Tip-21-Be-Somebodys-Bitch-178548.html">Prison Tip #21 - Be Somebodys Bitch</a>
 
[quote author="usctrojanman29" date=1216645019][quote author="Trooper" date=1216500966]Two fun tidbits courtesy of <a href="http://la.curbed.com/">CurbedLA</a>



<strong><span style="font-size: 14px;">Lay off my brother: Mozilo's sister blogs in his defense</span></strong> <a href="http://latimesblogs.latimes.com/laland/countrywide_financial/index.html">Stop it you big bullies !</a>



<a href="http://latimesblogs.latimes.com/laland/2008/07/how-bad-were-th.html">1 in 10 Countrywide loans are bad</a> Take that B of A !</blockquote>


Countrywide got bailed out by BofA, but will those Countywide loans bring BofA down to its knees...how that's the 64 thousand dollar question...</blockquote>
Guess that question was answered...too bad I didn't put my money where my mouth was. :/
 
[quote author="morekaos" date=1200159415]Lewis head should be on a pike along with the heads of Citi, Merrill, Bear Stearns, and HSBC. He is an idiot. His losing bet at 2 billion had to be saved by this. Idiots, pride and arrogance got us to where we are. Off with thier heads!</blockquote>


It's a start...



<a href="http://www.latimes.com/business/la-fi-lewis18-2009apr18,0,7943520.story?ref=patrick.net">Ken Lewis' ouster as Bank of America chairman urged</a>
 
[quote author="morekaos" date=1240264044][quote author="morekaos" date=1200159415]Lewis head should be on a pike along with the heads of Citi, Merrill, Bear Stearns, and HSBC. He is an idiot. His losing bet at 2 billion had to be saved by this. Idiots, pride and arrogance got us to where we are. Off with thier heads!</blockquote>


It's a start...



<a href="http://www.latimes.com/business/la-fi-lewis18-2009apr18,0,7943520.story?ref=patrick.net">Ken Lewis' ouster as Bank of America chairman urged</a></blockquote>


Now off with his head!!!



<a href="http://online.wsj.com/article/SB124101668502368771.html?ru=yahoo&mod=yahoo_hs">Lewis Ousted as BofA Chairman </a>
 
Thieves and Liars



<a href="http://www.dailynews.com/business/ci_12331140">Who did more subprime damage than Countrywide? Nobody</a>
 
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