http://lifethatpops.wordpress.com/2008/01/27/57/ A Real Estate Renaissance Firm Fri, 23 Jul 2010 15:35:48 +0000 hourly 1 http://wordpress.com/ http://lifethatpops.wordpress.com/2008/01/27/57/#comment-211 And Wachovia Completes the Gang of Three « Life That POPs Sat, 07 Feb 2009 16:50:33 +0000 http://lifethatpops.wordpress.com/?p=57#comment-211 [...] initial problems at Countrywide can be seen as far back as May of last year.  The set-asides at Countrywide were woefully inadequate, in my opinion, and that seems to have been borne out.  WaMu went down the exact same path and [...] [...] initial problems at Countrywide can be seen as far back as May of last year.  The set-asides at Countrywide were woefully inadequate, in my opinion, and that seems to have been borne out.  WaMu went down the exact same path and [...]

]]> http://lifethatpops.wordpress.com/2008/01/27/57/#comment-133 And Wachovia Completes the Gang of Three « Mystery House Blog Sun, 27 Jul 2008 22:27:57 +0000 http://lifethatpops.wordpress.com/?p=57#comment-133 [...] initial problems at Countrywide can be seen as far back as May of last year.  The set-asides at Countrywide were woefully inadequate, in my opinion, and that seems to have been borne out.  WaMu went down the exact same path and [...] [...] initial problems at Countrywide can be seen as far back as May of last year.  The set-asides at Countrywide were woefully inadequate, in my opinion, and that seems to have been borne out.  WaMu went down the exact same path and [...]

]]> http://lifethatpops.wordpress.com/2008/01/27/57/#comment-16 Countrywide Does it Again « A Life That POPs Wed, 30 Jan 2008 00:13:05 +0000 http://lifethatpops.wordpress.com/?p=57#comment-16 [...] I was more than a little confused by Wall Street’s reaction to Countrywide’s pronounceme....  I wrote about it then and I guess I am writing again with a childish “told you so.”  Countrywide is underestimating their financial obligations in my humble opinion and it seems rather obvious to even the casual observer.  But as I have pointed out, main stream media is missing the real problem as well.  In a world of doom and gloom I am loathe to admit it, but these players are not doom and gloomy enough.  That is all well and good because their misjudgments serve them and it is easy for us to follow the ball when we follow the money.  More difficult to follow, however, is Wall Street’s desire to play along. [...] [...] I was more than a little confused by Wall Street’s reaction to Countrywide’s pronounceme….  I wrote about it then and I guess I am writing again with a childish “told you so.”  Countrywide is underestimating their financial obligations in my humble opinion and it seems rather obvious to even the casual observer.  But as I have pointed out, main stream media is missing the real problem as well.  In a world of doom and gloom I am loathe to admit it, but these players are not doom and gloomy enough.  That is all well and good because their misjudgments serve them and it is easy for us to follow the ball when we follow the money.  More difficult to follow, however, is Wall Street’s desire to play along. [...]

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