Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: TheStockFairy who wrote (100635)	1/17/2008 12:46:54 PM
From: $Mogul	Respond to of 306849

Yes, Stock Fairy..the forces at be are aiming for a "go away" bail out of Countrywide so that it is not such a obvious trauma. It seems by brushing it under the mat is how they are going to deal with it. It is always so interesting to me how BofA got involved with Countrywide in the first place, could it be secert gov't susasion to make it happen..who will ever know. Easy money was made here over a 50% return on the downside since my last post on it (more prior). It is a crapshoot if a real filing would occur and I suspect a real piece of work on how they structure the take out of Countrywide with BofA stock will unfold as it has been reported that BAC would be interested. I just do not trust the BofA behind the scenes and gov't forces at this level. This is BofA's chance to get a free pass to go over 10% with out any gov't intervention. Same with Wamu...Their is always a fall guy, but we are talking about the core of our economic system here and it is too big a bet that the gov't does not act to protect this. Big returns were made already... and as a prudent investor seeing huge returns here I will stand aside to see how it unfolds.