51 billion bailout for CFC
Posted: Wed Nov 28, 2007 11:24 amSeattle Bubble Forum Archive
Archived forums. Find the live forum at SeattleBubble.com/blog/forum/
http://seattlebubble.com/forum/
51 billion bailout for CFC
Page 1 of 1
Posted: Wed Nov 28, 2007 11:24 amPosted: Wed Nov 28, 2007 2:05 pmC, CFC and WM are the top 3 freeloaders. That menas they are in the shitholes. Even Wells Fargo get caught with their hand in the cookie jar. Stock went up today though. I guess rate cut solve all the mortgage and housing problem.
Posted: Wed Nov 28, 2007 2:47 pm"...The California-based lender has put up about $62.4 billion of mortgages as collateral for its $51.1 billion in FHLB borrowing..."
So what's the problem? You couldn't possibly be insinuating that their $62.4 billion of mortgages might not actually be worth that much, not that a declining market would have any influence on things.
So what's the problem? You couldn't possibly be insinuating that their $62.4 billion of mortgages might not actually be worth that much, not that a declining market would have any influence on things.
Posted: Wed Nov 28, 2007 3:20 pmNo worries, FHLB said they are "well-positioned"...to take money from taxpayers. Wonder which position? 
I guess CountryWide has been giving out traditional 80% LTV mortgage the last few years? Is that what the collateral?
Who knows, maybe De-Nile is a river in Atlanta.
http://www.reuters.com/article/bondsNew ... 1020071128
I guess CountryWide has been giving out traditional 80% LTV mortgage the last few years? Is that what the collateral?
Who knows, maybe De-Nile is a river in Atlanta.
http://www.reuters.com/article/bondsNew ... 1020071128