Replies to post #267 on Countrywide Financial Corp. (CFC)

[yafu]

I want my ARM rate froze too! lol
But I don't have one, maybe if I hurry I can get in on the deal. lol
"""This also makes new credit investors to feel less enticed to invest furthering worsening the problem that popped the bubble in the first place."""
I-800-WRONG. lol
What this will do is lessen foreclosures, prop up the price for at least 5 years and give the housing market time to recover. Then people who are short sighted will again, buy at the top. lol

[kewlassht]

Yeah i agree, the way it is now many will forget about those who will have up-coming troubles immediately before legislation or who have already been affected by this. Thats why there was that organized strike on CFC.

However for the short term CFC Might really Breakout here if we can break 10.80, iunno just thinking short term here, I think if Paulson has rate freeze and we get cut on 11th things could look good for trading aspect of CFC, I do agree with Rawnoc though that government involvment is not right thing to do or possible plans to make tax payers pay or all of us suffer for mistakes of others. Case by case basis and leviation of future payment problems for people would work better.