Subprime

The current credit crunch led by failed subprime loans are creating uncertainty amoung the natives

Technorati: away bofa business; countrywide early gains inside lending mortgage on panic shifts spree stance stocks the wipe

Mozilo Monster

Angelo Mozilo goes on rampage against Ben Bernanke. Will Countrywide sink the economy?

Technorati: bernanke countrywide mortgage mozila

Mozila Monster

Angelo Mozila goes on rampage against Ben Bernanke. Will Countrywide sink the economy?

Technorati: bernanke countrywide mortgage mozilo

Bulls retreat on economic worries

Aug. 23 - Stocks pull back from an early run up after Countrywide alarms investors over spill-over from the housing market. Credit woes also hit the U.S. commercial paper market. The Dow closed down fractionally at 13,235.88. The S&P 500 was down 1.57 points to close at 1,462.50. The Nasdaq lost 11.10 points to close at 2,541.70.

Diane King reports from New York.

Technorati: countrywide credit mortgage stocks

Countrywide CEO discusses Credit Crunch and Bank of America Investment

Countrywide CEO Angelo Mozilo discusses the ongoing crisis in the mortgage market and the $2 Billion dollar investment by Bank of America in Countrywide.

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There IS (was) No Mortgage Crisis

The "mortgage crisis" was created and fueled by the media machine. It did not exist. I have challenged in multiple venues for any talking head/journalist to demonstrate with positive proof that one REIT or Hedge Fund lost money prior to September 11, 2006 because they invested in subprime mortgages. They will not respond - because they can not respond. When Warren Buffet starts considering purchasing an "ailing" subprime mortgage giant like Countrywide you know I am right.

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MoneyWatch (CBS News)

Alexis Christoforous reports that credit jitters continue to plague Wall Street; layoffs began at mortgage-lender Countrywide Financial; and Mattel has been hit with a class action lawsuit. (CBSNews.com)

Technorati: action alexis christoforous class countrywide credit economy financial markets mattel mortgages stocks street wall