You've probably been following the Countrywide situation... and OMG, and honest-to-goodness run on a bank!
Meanwhile, customers crowded into branches of Countrywide Bank today to withdraw as much as $500,000 at a time because of concerns about the financial problems of the mortgage lender that owns the bank.
Everyone said this couldn't happen, right?
So now the billion dollar question is:
Is Countrywide too big to fail? Will this jackass get a government bailout?
it's ok, real estate always goes up. Just keeping buying, folks!