After an odd and unsettling lull, Countrywide REOs are again hitting new highs.
A couple of theories for the drop: 1) operational bottlenecks as Countrywide didn't have the capacity to process the tidal wave of foreclosures, and 2) intentional foot-dragging as Countrywide hoped that a market rebound or a government bailout would save them. Well, they got their government bailout, but it ain't gonna save them.
Ken Lewis, how do you like your Countrywide now? You could have gotten a real bank like Wachovia for the price you paid for the cess pool of Countrywide!
The experts agree We're going Full MMT So start buying gold Mauldin Economics on the prestigious Camp Kotok economic gathering: ...
Gothamist : A 58-year-old taxi driver killed himself in his Queens home this month, marking the eight suicide in the taxi industry this yea...
There are very few financial problems that can't be solved by a suitable application of asset bubbles.