Buy Countrywide CFC

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.

 

Drawing down all of the available credit lines.... can't be good news.

Countrywide taps $11.5 billion credit line
http://biz.yahoo.com/rb/070816/countrywide_liquidity.html?.v=9

Reminds me of what Enron did directly before they totally imploded.

 

Dec 07 CFC bonds being offered for 20% YTM. Step right up if you dare.

 

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.

 

Uglyness for CFC

 

40 banks stupid enough to lend to them...they can kiss those lines goodbye

 

A braver soul than I might buy the bonds and short the stock.

 

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

 

LMAO, glad to hear you are smarter than 40 banks!!!

 

CFC wants to suck all the money from the banks then declare B