CFC
Reuters:  Banks paid out billions of dollars in bonuses last year while losing money. Reuters:  The US closed its car “clunkers” program just as it began as funds ran out....
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KBW, the bank research firms, thinks Bank of America (BAC) will have to raise $10 billion in new capital. Its mix of real estate, LBO, business, and consumer credit debt still faces substantial...
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According to Reuters, global companies may start to issue profit warnings as business slows overseas. Reuters reports that InBev is sticking to it offer to buy Anheuser-Bush (BUD). Reuters reports...
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According to Reuters, M&A activity is down sharply. Reuters writes that Anheuser-Busch (BUD) turned down an offer from InBeve. Reuters reports that Yahoo! (YHOO) has realigned its senion...
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Oshkosh (OSK) Comes out with extremely week outlook. Sells down to $22.20 from 52-week high of $65.83. GM (GM) Big sell rating and possible credit rating downgrade. Economy catches up to Detroit....
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Today’s selling does not look orderly like it has on many other down days this year. The drop is across almost every sector and most widely-traded shares. Much of it is out of proportion with...
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According to Reuters, Anheuser-Busch (BUD) will reject a $46.3 billion buy-out from InBev. Reuters writes that Oracle (ORCL) posted strong earnings but its outlook was light. Reuters reports that RIM...
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If there were questions whether or not the first first of the large bank and lender deal would get done, it looks like that is history. Countrywide Financial Corporation (NYSE: CFC) has...
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Frank Mozilo, founder and CEO of Countrywide (CFC), is almost universally viewed as a thug and miscreant. It will be left to the celestial authorities whether he eventually goes to heaven or...
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According to Reuters, the Fed is seen as holding rates on fears of inflation. Reuters writes that the CEO of Nissan is bracing for the worst in the US. Reuters writes that Hilton will add 300 hotels...
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According to Reuters, the fuel price increase in China may bolster consumption. Reuters writes that the Fed’s policy on inflation is starting to hurt the housing market. Reuters writes that the...
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It turns out that Frank Mozilo, head of Countrywide (CFC), was passing out special mortgages to people including two former chiefs of Fannie Mae (FNM). Countrywide did business with the...
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Who is to blame for the subprime mortage mess which has effectlively locked up much of the global credit markets and pushed the US economy into recession. It is the banks. Period. If they had been...
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Short sellers are making significant bets that most financial stocks traded on the NYSE will fall sharply. Data is as of May 15 and compares to information on April 30. Short interest in Countrywide...
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A series of lawsuits against the board and management of Countrywide (CFC) accuses them of insider trading and not being careful enough in regulating the firm’s lending practices. As is the...
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