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Politics : MITT ROMNEY -- Ignore unavailable to you. Want to Upgrade?

To: Oral Roberts who wrote (1810)	2/14/2008 3:38:27 PM
From: Augustus Gloop	Respond to of 5586

I really believe that BofA was cut a deal to scoop up the rest of Countrywide. I recall saying that I thought the fed would act (lower rates) on options Friday in an effort to screw the shorts - they didn't and MLK day was that Monday. When tuesday came they cut by (what was it - .75 BP's). At that time there was a rumor that a major financial institution was in trouble and thats why they cut between meetings. The interesting thing is that later that day we found out about the Rogue trader in France that had lost around 6-7 billion. What made that interesting is that the following day the speculation was that the fed saw some 6 billion in an equity block ready to fire in pre market so they dropped rates to avoid a huge sell-off. My point is this - we'll never know a lot of these things but I really believe there have been some back room deals and activities to try and avert some UGLY things in the past 6-8 months.