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How long until Countrywide Bank goes bankrupt?

How long until Countrywide Bank goes bankrupt? Topic: How long until Countrywide Bank goes bankrupt?
July 19, 2019 / By Meed
Question: I don't know how Countrywide can seriously say that they are "on your side." They're a bank that engages in fractional-reserve banking, which means that they only keep about 10% of the money deposited in the vaults and give away the rest. The banks are basically committing fraud on a massive scale (such as how the government has given a bank cartel it created known as the Federal Reserve the power to create money out of thin air to buy junk investments with) Thomas Jefferson recognized exactly how dangerous banks are. He was quoted as saying "Banking establishments are more dangerous than standing armies" and that was definitely saying something (especially if you remember how dangerous the Redcoats were). How long until this bank goes bankrupt? sources: http://www.lewrockwell.com/rothbard/rothbard163.html http://video.google.com/videoplay?docid=-466210540567002553 http://en.wikiquote.org/wiki/Thomas_Jefferson#On_financial_matters
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Best Answers: How long until Countrywide Bank goes bankrupt?

Laverne Laverne | 8 days ago
I, an old retired real estate investor ( NOT A DAMNED ABLE REALTOR), believe that the paperwork is in the mill right now, and there was an article in Thursday's or Friday's papers about them. YES THE MORTGAGE INDUSTRY HAS PROSTITUTED THE HOME FINANCING MARKET, ALONG WITH ABOUT 97.83 % OF THE MORTGAGE COMPANIES !!! They reaped huge profits in the "INTEREST ONLY" financing, and paid their board of directors, and C.E.O.'S, AND PRESIDENTS, etc, with MUCHO MILLIONS OF BONUSES !!!!!!!!!!!!!!!! Rest assured, we tax payers will end up paying DEARLY for their greedy methods, and actually the correct term is FUDISIARY MALFIESANCE" !!!!!!!!!!!!!!!!!!!!!!!!!!!! Uncle Wil
👍 104 | 👎 8
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Laverne Originally Answered: Why is Obama keeping the Republicans from issuing subpoenas to CountryWide?
Sounds like something the FBI should be investigating. What went on at countrywide and why the government is interfering with private businesses that have broken no laws.

Jochebed Jochebed
I was under the impression countrywide had 90% tradrional loans and 10% sub-prime loans. I also understand the Sub-Prime loans will no longer be used. I expect the company to be be worth 30 or so dollars per share and then be bought out for 35 to 40 a share.
👍 30 | 👎 1

Gae Gae
Soon. Countrywide has a huge housing loan portfolio. They buy back their fanies and freddies. They are heavily sunk in community lending FHA and low income housing. If a Dems gets elected they will bounce back. But as long a the republican war on the poor continues, they are doomed.
👍 23 | 👎 -6

Dayna Dayna
soon..they made loans to people would couldn't afford their mortgages..so I don't think that the government should bail them out
👍 16 | 👎 -13

Dayna Originally Answered: Counterfeit$,cashed my Ch 1 bank deposit$ @ my bank,they deduct 100 frm me cuz fake bill. MY OPTIONS&RIGHTS?
Of course the bank wasn't going to give you back the bill or "work with you". Thats not their responsibility. The Secret Service handles counterfeit money. Demand a copy of the Counterfeit Note Report SS 1604 from your bank. File a report with the Secret Service naming the bank where you were passed the note. I would file a complaint against Bank Atlantic in the hopes that they refund your money. Their teller should have caught the funny money before it was passed on to you.

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