The lawsuit means nothing, everytime a stock drops those whores start a class-action suit.
As for the employee retirement, that means nothing as well. The question is this, if the
fed won't let them fail, and they have made clear they won't, what's wrong with a
preferred stock paying a safe (Cannot be cut) dividend of 11% while waiting for this to
pass? I am assuming you are aware of how preferred stocks work.

There is something very fishy going on about this stock. That Buffett rumor was put on the
street and pushed big time. The PR release I posted was put out today, but for some
strange reason was not mentioned while the Buffett rumor was mentioned at least 15 times
on CNBC. Fishy to me. I feel some "big boys" are pumping it up for a while, mabe to get
their money out, or to short it. I would stay far, far away. I am sorry you lost your
retirement, that happens more than people realize. I would like to hear thestockbrokers
answer for this. Watch yourself!

I lost a lot of retirement money when the bank I worked for got seized. The stock when
from 42.00 to O. Before I could do anything about. The FED does not warn you, all of a
sudden the doors are locked and no more bank. CFC has so many problems right now, I just
don't understand why it would go up...It's just another Buffett rumor...Thanks for the
info sweetiepie34

Check out the massive insider selling stats...............OMG!

Does Enron ring a bell?

Keller Rohrback L.L.P. Announces Investigation of the Countrywide Financial Corp. 401(k)
Savings and Investment Plan
3:00p ET August 21, 2007 (PR NewsWire)
Keller Rohrback L.L.P. (http://www.erisafraud.com) announced that it has commenced an
investigation against Countrywide Financial Corp. ("Countrywide" or the "Company") (NYSE:
CFC) for potential violations of the Employee Retirement Income Security Act of 1974
("ERISA"). The investigation focuses on investments in Countrywide stock by the
Countrywide Financial Corp. 401(k) Savings and Investment Plan (the "Plan").

Keller Rohrback's investigation involves concerns that Countrywide and other
administrators of the Plan may have breached their ERISA-mandated fiduciary duties of
loyalty and prudence to participants and beneficiaries of the Plan. A breach may have
occurred if the fiduciaries failed to manage the assets of the Plan prudently and loyally
by investing the assets in Company stock when it was no longer a prudent investment for
participants' retirement savings.

If you are a member of the Countrywide Financial Corp. 401(k) Savings and Investment Plan
and purchased or held Countrywide stock in the Plan, you may contact paralegal Jennifer
Tuato'o or attorneys Derek Loeser or Lynn Sarko toll free at 800/776-6044, or via e-mail
at investor@kellerrohrback.com.

Keller Rohrback is one of America's leading law firms handling ERISA retirement plan
litigation. We are committed to helping employees and retirees protect their retirement
savings. Keller Rohrback serves as lead and co-lead counsel in numerous ERISA class action
cases, including cases against Enron, WorldCom, Inc., HealthSouth, and Marsh & McLennan
Companies, as well as ERISA cash balance pension plan cases, including JPMorgan Chase &
Co. Keller Rohrback has successfully provided class action representation for over a
decade. Its trial lawyers have obtained judgments and settlements on behalf of clients in
excess of seven billion dollars.

CONTACT: Keller Rohrback L.L.P. Jennifer Tuato'o Paralegal 800/776-6044
investor@kellerrohrback.com http://www.erisafraud.com

SOURCE Keller Rohrback L.L.P.

More CFC's dirty dealings? This is with their own employees retirement!

Keller Rohrback L.L.P. Announces Investigation of the Countrywide Financial Corp. 401(k)
Savings and Investment Plan
3:00p ET August 21, 2007 (PR NewsWire)

I would never recommend this stock for a long trade, it's a ticking time bomb. Beware!

Countrywide attracted attention with the first of what is expected to be a large number of
layoffs as their profits turn into losses. Countrywide would not confirm how many were
given notices today but the initial rumor was 500 or so but that is widely seen as just
the first wave. The cuts today were in the Full Spectrum Lending division, which provided
loans to less than prime credits. That is not subprime but alt-a credits that cannot
provide all the documentation required or are self-employed. That division's sales force
totaled 6,785 employees out of the total Countrywide sales force of 18,091. Countrywide
hired nearly 7,000 people this year as competitors crumbled around them. Including all the
support staff Countrywide employs more than 60,000 workers. With its drastically reduced
loan originations until the debt wreck passes Countrywide is expected to layoff thousands
to halt the current cash bleed. Countrywide is only expected to write as little as
one-third the number of loans going forward as it did in the recent past. That would be a
serious hit to revenue and profits and prevent Countrywide from continuing to employ that
many people. CFC gained 1.98 on the layoff news. There was also a strong rumor that
Warren Buffet, with $47 billion in cash, could step up and buy all or part of Countrywide.
Warren loves to buy distressed companies with good business models

How do you feel about the law suits file against CFC, could this be a problem. Sometimes
the FED has no control whether a bank fails or not. The FED can still only do so much.
If I had the stock, I would not be sleeping well at night. I worked for two different
seized banks. They were strong banks too. This is just the beginning. There is 2008 and
2009 to go through. I would not have them in my profolio...only for a trade.

Looking at the preferred stocks of both CFC and TMA they look like good risk reward,
especially CFC whom the fed will not let fail, you get a 10% dividend with liquidity>>
And TMA preferreds are yielding between 9-11%, less risk than the common, more liquidity
than bonds, sweet return and sleeping well. Thoughts??