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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: Ramsey Su who wrote (48730)	1/4/2006 1:59:37 PM
From: ild	Read Replies (2) \| Respond to of 110194

CFC now has FDIC bank. It has to be regulated. BWDIK

To: Ramsey Su who wrote (48730)	1/4/2006 2:01:48 PM
From: russwinter	Respond to of 110194

I really think most of these Boyz are using FDIC and are regulated. CFC: Countrywide Bank is a national bank regulated by the Office of the Comptroller of the Currency. Accounts with Countrywide Bank are FDIC insured. my.countrywide.com

To: Ramsey Su who wrote (48730)	1/4/2006 2:27:41 PM
From: anachronist	Read Replies (2) \| Respond to of 110194

Ramsey, to take your point to its logical conclusion, the government is getting the regulated (and FDIC insured) institutions out of the subprime business. Since most of these toxics will reset in 2006 and 2007, the borrowers will be forced to unregulated (and uninsured) institutions if they continue to fit the subprime model. As a result, in two years the regulated institutions (and by extension the FDIC) will be largely rid of their highest risk loans in two years. Nicely done, the mainstream banking system is protected from systemic risk. As long as they don't hold MBS paper, that is... Correct?