Yawn

User Forum Topic
Submitted by lendingbubbleco... on August 16, 2007 - 9:28am

What's that you say?

Countrywide Financial's stock price is down to $17 from $42 within the last three months?

7-11 clerks aren't paying back the million dollar loans they took out to speculate on properties in Miami/Las Vegas/Wisconsin/(insert anyplace in North America here) with?

I could go on but won't.

Anyone too stupid not to see this was all coming deserves what they get.

Now, since wasn't unexpected by me, I'm going to go back to sleep. Wake me up when something REALLY interesting happens.

‹ Analyst - next 60 days is time of reckoning for Countrywide Perhaps banks are finally lowering prices on REOs? ›
I'm going to go back to
Submitted by bsrsharma on August 16, 2007 - 9:34am.

I'm going to go back to sleep. Wake me up when something REALLY interesting happens

Hmm... It is 9:28 a.m. It is recession time. You are fired! Now wake up and try to get a new job!

7-11 clerks aren't paying
Submitted by kev374 on August 16, 2007 - 9:34am.

7-11 clerks aren't paying back the million dollar loans they took out to speculate on properties in Miami/Las Vegas/Wisconsin/(insert anyplace in North America here) with?

LMAO!!

If the shares go down any further (which they will, only a matter of time) then perhaps they will wind up like New Century :P The huge mortgage mess unravelling is AHEAD of us, we haven't even seen the bulk of the problems yet...imagine that!!!

At least there haven't been
Submitted by cr on August 16, 2007 - 10:22am.

At least there haven't been any spillover effects.

Yes. Thank God we're
Submitted by lendingbubbleco... on August 16, 2007 - 10:24am.

Yes. Thank God we're experiencing a soft landing.

The huge mortgage mess
Submitted by Sandi Egan on August 16, 2007 - 10:26am.

The huge mortgage mess unravelling is AHEAD of us, we haven't even seen the bulk of the problems yet...imagine that!!!
Markets tend to anticipate events rather than react to them. What we see today is the market change corresponding to the huge RE implosion that will unravel within coming months.

So I guess the market
Submitted by lendingbubbleco... on August 16, 2007 - 10:33am.

So I guess the market doesn't see too well into the future, does it? Because nobody saw it coming.....yeah riiiiiiiiiiight...

Yes. Thank God we're
Submitted by kewp on August 16, 2007 - 10:35am.

Yes. Thank God we're experiencing a soft landing.

Hey, you guys broke my sarcasm meter!