Thursday, 25 October 2007
The Rank Treachery of Countrywide's Option Arm Lending
Rank Treachery Lending Practices
How Egregious Was Countrywide's Option ARM Lending?
by Seeking Alpha

photo by FOTOMOE
Sometimes these Wall Street guru's use big words that I have to google
to see what they mean such as EGREGIOUS....which has about four or five
different meanings... translated as...." conspicuously bad", "flagrant violation",
"gross ineptitude", and maybe the last one is my favorite "rank treachery".
Now I just need to figure out how to say EGREGIOUS....unfortunately at a
quick glance it resembles RELIGION. Maybe the CEO of Countrywide does
need to resign b/4 the FED's start digging deeper, but with his Italian heritage
he'll probably be O.K. while the rest of us try to bail the country out of his mess.
Everyone have a blessed day at least we have the privilege to be looking at the
right side of the grass.