Thursday, August 16, 2007

Countrywide

Anyone else out there who's a housing bubble and crash junkie like myself?

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!

1 comment:

shammerama said...

Something you might be interested in:

http://www.petitiononline.com/bailout/petition.html

-Sara