*** BRKG - LARGEST MORTGAGE LENDER (COUNTRYWIDE) IN TROUBLE: MAY NOT BE ABLE TO SECURE FINANCING ***

o shit

Come on..."Nobody can do what Countrywide can"

I see those commercials 50 times a day on every dish channel. Just about tossed the TV out the window. No fees and no closing, easy money...blah blah blah

My son worked for Countrywide...he saw them giving multipal loans to illegals... unsecured.. he saw it coming 2 years ago. I bought a townhouse 2.5 years ago... because I am an American.... I had to put down 1/3 rd on the loan.... ($70,000 the Banka de America demanded I put down $27,000) I did not get any special treatment. This was designed to screw American citizens and give a "free ride" to illegals. Wake UP the American middle class is being taken down... hard and fast

HAHAHA Too funny.... Good one.

I can't wait to log on to my brokerage account tomorrow and see how much my CFC puts are worth!!

GODDAMN!!!

Check out SRS on AMEX. UltraShort Real Estate ETF. Up almost 50% in the past four months, probably time to double-down. :D

sorry, had a hell of a time getting that page to open from yahoo asia, as it had a friday dateline on it. but it is linked elsewhere on another site that shall not be named.

could not get link to copy over...still getting used to windows vista cut/paste ha ha.

this quote in that article jumped out at me, and should send chills down every spine in the u.s.a.

"...Washington Mutual, the largest U.S. savings and loan, said liquidity in the market for less-than-prime home loans and securities backed by the loans has "diminished significantly..."

glad we got outta wm when we did. preps wellspent long ago.

I KNEW I should have shorted as much as I can last week on country wide!!!! I wonder if I can go to after hours and get in on this now....

You are Right As Rain!! This is what it's all about - taking the American middle class and this country down. To it's knees, sadly.

And it will only get worse. Get prepared now with cash out of the banks, food, etc.

Hey Damn,

Goddamn here...

The problem is that CFC will probably gap way down at the open, possibly at the day's low and then go sideways or up, and then you could be looking at possible losses if you enter at that point...

When these things drop out of the sky, you have to have your position already in your portfolio in order to reap the full beneifits of the drop...

I have tiny little puts all over the HB's, financials, and other things that I think might tank...

A tiny dime put on AHM turned into several hundreds of dollars on the day AHM opened back up for trading after it fell from the sky...

Hey if these jokers were making bad loans hand over fist for the last couple years and it turns out that those loans *actually are* only worth 50 or 60 cents on the dollar its the end of the fuckin world.

Consider they are toast. And banks all over the world that bought their crappy paper are toast to.

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yep Cramer said this is armageddon

its UGLY and I totally agree that this is designed to destroy what is the American people. Basically that's 90% and down...only the top pig f*ckers will be riding high on the Hog.

reminds me of the Pig Roast demonstration we had yesterday for Ol'Don Young and Ted Stevens up here in AK. The Rich were behind a secured fence and the rest of us protested on the outside.

Class division and warfare like all to often before.

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