CFC
CFC Articles
Not all financial shares are created equal, at least no according to short bets made on NYSE companies for the period ending. April 30 compared to numbers on April 15. Short interest in Washington...
Published:
According to Reuters, Cisco (CSCO) has a good quarter but was cautious about the future. Reuters reports that Sprint (S) and Clearwire (CLWR) will announced a $12 billion project for national...
Published:
According to Reuters, UBS (UBS) will cut 5,500 jobs. The company is also selling $15 billion in subprime mortgage paper to Blackrock. Reuters writes that Bernanke says that high foreclosure rates are...
Published:
One of the interesting by-products of S&P cutting Countrywide’s (CFC) debt to junk is that Bank of America (BAC) may be frightened witless now about taking over the mortgage banker. According...
Published:
Bond-holders who own debt in Countrywide (CFC) have assume that Bank of America (BAC) would take those obligations on and that they would get paid out. Maybe not. According to Bloomberg. “There is...
Published:
The FBI appears to have uncovered some fraud in lending practices at Countrywide (CFC) and now the question is whether management knew. As Captain Renault said in a scene in Casablanca "I’m...
Published:
According to Reuters, the Fed will probably cut rates and them pause for some time Reuters writes that senior financiers see the current economic situation as a recession on Main Street and ...
Published:
According to Reuters, two Chinese citizens have filed a $1.3 billion suit against CNN(TWX) for insulting the people in their country. Reuters reports that Honda’s net fell and that the company said...
Published:
The FBI is looking into why the subprime market fell apart. As a matter of fact, it wants those who are guilty to turn themselves in so they do not have to be pursued to the ends of the Earth....
Published:
The short interest in NYSE stocks hit a record for the March 31 period. The number compare to those on March 14. Shares short in banks and brokerages began to drop. Short interest in Fannie Mae (FNM)...
Published:
Moody’s cut the credit rating of Countrywide (CFC) to "D" for default, over worries about liquidty. According to Reuters "The downgrade does not reflect Countrywide’s planned acquisition by Bank...
Published:
A federal judge has approved an investigation into the lending practices of Countrywide (CFC). The mortgage company may have, among other things, charged borrowers large, unjustified fees. That was...
Published:
According to Reuters, The Treasury said that regulators saved Bear Stearns (BSC) to help the markets. Reuters writes that Sony (SNE) will cut costs and boost order to fight the strong yen. Reuters...
Published:
According to Reuters, Bank of America (BAC) will pay the president of Countrywide (CFC) $28 million to stay and run the company after the buy-out is complete. Reuters writes that the chairman of Bear...
Published:
"There are no second acts in American lives"–F. Scott Fitzgerald Several former Countrywide (NYSE: CFC) executives are starting a new company, with the support of financial company Blackrock (NYSE:...
Published: