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Blogs about CFC

Blogs	Description	Date Updated
Wall Street Rumors - June 27, 2008	Daily rumors covering the global markets. Subscribe to the update feed here. Global Oil-Supply Worries Fuel Debate in Saudi Arabia Sadad al-Husseini and Nansen Saleri raced up the ranks at Saudi Aramco, the world’s most powerful oil company, working together for years to squeeze more crude from Saudi Arabia’s massive fields. Today, the two men have staked out opposite sides of a momentous industry debate. Oil Prices Hits $142 a Barrel Oil prices climbed to a record $142 a barr...	June 27, 2008
Cramer on BloggingStocks: The path ahead is down	Filed under: Ford Motor (F), General Motors (GM), Market matters, Citigroup Inc. (C), Anheuser-Busch Cos (BUD), Bank of America (BAC), Merrill Lynch (MER), Countrywide Financial (CFC), Wrigley, (Wm) Jr (WWY), Wachovia Corp (WB), Washington Mutual (WM), Cramer on BloggingStocks From TheStreet.com Network Everything You Need to Know About Oil Farrell: Is the Fed to Blame? TheStreet.com's Jim Cramer says with few exceptions, the landscape is littered with corpses. Sell...	June 27, 2008
Countrywide's (CFC) Mozilo passed out loans like candy	Filed under: Management, Law, Countrywide Financial (CFC)Angelo Mozilo, CEO of Countrywide (NYSE: CFC) may be a thug and he may get in trouble with federal authorities due to the way he ran his company. But at least he was generous. According to The Wall Street Journal, everyone from casino employees to retired pro athletes got sweet deals. The paper writes that, Mr. Mozilo regularly lined up loans for people he met, according to several current and former Countrywide executives. Said one: "An...	June 27, 2008
The barbecue at Countrywide turns into a forest fire	Filed under: Deals, Law, Bank of America (BAC), Countrywide Financial (CFC)More states have filed charges against Countrywide (NYSE: CFC) for aggressive marketing and giving loans which were highly risky. Washington and California have joined Illinois in the actions. Up until now, Bank of America (NYSE:BAC), which is buying Countrywide, has been sticking to its story that it will close on its purchase of the mortgages company. The media has written a million times that the big money center b...	June 26, 2008
Wall Street Rumors - June 25, 2008	Daily rumors covering the global markets. Subscribe to the update feed here. Illinois Plans to Sue Countrywide, CEO The Illinois attorney general’s office, which began an investigation into the business practices of Countrywide Financial Corp. (NYSE:CFC) U.S., States Probe Real-Estate Loan Broker last fall, says it has found enough evidence of wrongdoing that it plans to file a civil suit against the mortgage lender and its chief executive, Angelo Mozilo. U.S., States Probe Real-Estate L...	June 25, 2008
Countrywide (CFC): The Law Catches Up To Mozilo	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... [[ This is a content summary only. Visit my website for full links, other content, and more! ]] ...	June 25, 2008
Now Its JP Morgan (JPM) & Wachovia (WB)	This make a whole lot more sense than the previous rumor. The latest rumor has Jamie Dimon and JP Morgan making an offer for Wachovia.The deal make sense for a couple reasons. Unlike Bear Sterns (BSC), Wachovia is a bank with investor deposits. Dimon has made very public his desire to expand his banking franchise into the SE and a Wachovia deal would do just that. While a deal would push the combined bank over the 10% threshold for deposits, I think it is not a very large stretch to suggest that...	June 23, 2008
Option Update: Bank of America volatility up; purchase of CFC on July 1	Filed under: Bank of America (BAC), Countrywide Financial (CFC), OptionsBank of America (NYSE: BAC) closed at $28.14 Thursday. BAC aims to complete its planned acquisition of Countrywide Financial (NYSE: CFC) on July 1. BAC announced in January of 2008 the planned acquisition of CFC for 0.1822 per share of BAC for each share they own, $5.13 based on BAC closing share price of $28.14. CFC closed at $4.83. BAC July option implied volatility of 51 is above its 26-week average of 40 according to...	June 20, 2008
Thornburg, mortgage giant, may not make it	Filed under: Earnings reports, Deals, Bank of America (BAC), Countrywide Financial (CFC)Thornburg Mortgage (NYSE:TMA) was one of the larger mortgage lenders in the US. Its stock now trades at $.65, down from almost $27 a year ago. That means it market cap was $5 billion then. According to The Wall Street Journal, TMA said in a federal filing that "the future of the home-mortgage finance company as a viable business remains in doubt." The company is trying to raise over $1.3 billion, but, by man...	June 19, 2008
California bankin' with Wachovia	Filed under: Countrywide Financial (CFC), Wachovia Corp (WB), Washington Mutual (WM), HousingMinyanville's wise professor, Mark Bloudek, dares to share the kind of keen insight and actionable information you won't find in any prospectus. For more original thought, visit www.minyanville.com. I've been doing precious little in this market, but one stock I've been tracking closely is Wachovia Corp. (NYSE: WB). Why would I pay more mind to Wachovia than to other banks? Because it bought Golden West...	June 17, 2008

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