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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?


To: bentway who wrote (373033)3/8/2008 1:38:20 PM
From: tejek  Read Replies (1) | Respond to of 1577194
 
Ted, you said a similar thing about Countrywide when I told you they were in trouble.

No, I didn't......Contrywide does more than jumbos.

With negative equity situations and all credit at risk, all types of loans are potential trouble now, not just subprime loans.

Not true. If the loans were drawn up correctly, then they are subject to the normal conditions: the mortgagor is solvent and not faced with a huge reset.