who is really living with mom and dad
- Thread starter evince
- Start date
cawacko
Well-known member
Back to the OP. Usually there's a reason behind posting an article. Did it surprise you Desh that less educated people were more likely to be living at home at an older age than more educated people?
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The Almighty
Again moron... try actually reading that thread. You once again pretend it says something that it does not... because you are a habitual LIAR.
evince
Truthmatters
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The Almighty
why can't you comprehend what was written?
evince
Truthmatters
A rush to pull out cash
Worried about the stability of mortgage giant Countrywide Financial, depositors crowd branches.
By E. Scott Reckard and Annette Haddad
August 17, 2007
Anxious customers jammed the phone lines and website of Countrywide Bank and crowded its branch offices to pull out their savings because of concerns about the financial problems of the mortgage lender that owns the bank.
Countrywide Financial Corp., the biggest home-loan company in the nation, sought Thursday to assure depositors and the financial industry that both it and its bank were fiscally stable. And federal regulators said they weren't alarmed by the volume of withdrawals from the bank.
The mortgage lender said it would further tighten its loan standards and make fewer large mortgages. Those moves could make it harder to get a home loan and further depress the housing market in California and other states.
The rush to withdraw money -- by depositors that included a former Los Angeles Kings star hockey player and an executive of a rival home-loan company -- came a day after fears arose that Countrywide Financial could file for bankruptcy protection because of a worsening credit crunch stemming from the sub-prime mortgage meltdown.
The parent firm borrowed $11.5 billion Thursday by using up an existing line of credit from 40 banks, saying the money would help the lender meet its funding needs and continue to grow. But stock investors, apparently alarmed that the company felt compelled to use the credit line, sent Countrywide's already battered stock down an additional 11%.
A Bank Run......what next?
Worried about the stability of mortgage giant Countrywide Financial, depositors crowd branches.
By E. Scott Reckard and Annette Haddad
August 17, 2007
Anxious customers jammed the phone lines and website of Countrywide Bank and crowded its branch offices to pull out their savings because of concerns about the financial problems of the mortgage lender that owns the bank.
Countrywide Financial Corp., the biggest home-loan company in the nation, sought Thursday to assure depositors and the financial industry that both it and its bank were fiscally stable. And federal regulators said they weren't alarmed by the volume of withdrawals from the bank.
The mortgage lender said it would further tighten its loan standards and make fewer large mortgages. Those moves could make it harder to get a home loan and further depress the housing market in California and other states.
The rush to withdraw money -- by depositors that included a former Los Angeles Kings star hockey player and an executive of a rival home-loan company -- came a day after fears arose that Countrywide Financial could file for bankruptcy protection because of a worsening credit crunch stemming from the sub-prime mortgage meltdown.
The parent firm borrowed $11.5 billion Thursday by using up an existing line of credit from 40 banks, saying the money would help the lender meet its funding needs and continue to grow. But stock investors, apparently alarmed that the company felt compelled to use the credit line, sent Countrywide's already battered stock down an additional 11%.
A Bank Run......what next?
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The Almighty
No Desh, I mocked the people who made a run on a bank... THEY were panicking. I mocked the panic because panicking rarely if ever leads to a good outcome... in ANYTHING.
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The Almighty
1) It was not my first comment, it was my second
2) I didn't... I ASKED YOU WHAT EXPERTS WERE PANICKING.... you moron... YOU JUST POSTED THE LINE... yet you are already LYING AGAIN about what I stated.
cawacko
Well-known member
Yes, I read the OP. Thank you. My question above was what in the OP jumped out at you that made you want to post it?
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The Almighty
You are again a LIAR.
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The Almighty
Why were you refusing to admit you were wrong about the stock sales?