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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: SouthFloridaGuy who wrote (95871)12/3/2007 2:19:04 PM
From: $MogulRead Replies (3) of 306849
 
I forsee and predeict Countrywide out of busines in 12 mo. or less. I also think that they will find fraud in CFC practices. We will see, but that is how I see it for now.
I have no doubt the talking heads and powers at be wil try to prop this company up for as long as possible as the ripple of less liquidity will add to the housing problem.

I just cannot fathom how they can continue pledging assets declining in value and continue to borrow money from the FED banks. The Senate will have a field day with this once exposed.
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