Comments on: The Countrywide Pledge – for those interested http://blownmortgage.com/2007/10/15/the-countrywide-pledge-for-those-interested/ #1 Free Home Loan Modification & Debt Relief Help For US Home Owners - Truths, Facts & News About the Mortgage Industry Sun, 15 Nov 2009 18:55:57 -0700 http://wordpress.org/?v=2.8.3 hourly 1 By: Countrywide President Sambol Won’t Stay after Acquisition http://blownmortgage.com/2007/10/15/the-countrywide-pledge-for-those-interested/comment-page-1/#comment-11061 Countrywide President Sambol Won’t Stay after Acquisition Thu, 29 May 2008 01:07:58 +0000 http://blownmortgage.com/2007/10/15/the-countrywide-pledge-for-those-interested/#comment-11061 [...] If you're new here, you may want to subscribe to my RSS feed. Thanks for visiting!Bloomberg reports that Countrywide’s President Dave Sambol won’t stay after the merger goes through.  Some head has to roll for the disastrous lending practices that have built up at Countrywide over the years.  I guess that’s what you get for “protecting the house.” [...] [...] If you’re new here, you may want to subscribe to my RSS feed. Thanks for visiting!Bloomberg reports that Countrywide’s President Dave Sambol won’t stay after the merger goes through.  Some head has to roll for the disastrous lending practices that have built up at Countrywide over the years.  I guess that’s what you get for “protecting the house.” [...]

]]> By: Stephen http://blownmortgage.com/2007/10/15/the-countrywide-pledge-for-those-interested/comment-page-1/#comment-7774 Stephen Sun, 09 Dec 2007 20:05:39 +0000 http://blownmortgage.com/2007/10/15/the-countrywide-pledge-for-those-interested/#comment-7774 Only the most guilty would launch such a ploy. Only the most guilty would launch such a ploy.

]]> By: Jeremy http://blownmortgage.com/2007/10/15/the-countrywide-pledge-for-those-interested/comment-page-1/#comment-6072 Jeremy Sat, 27 Oct 2007 19:51:25 +0000 http://blownmortgage.com/2007/10/15/the-countrywide-pledge-for-those-interested/#comment-6072 James - you sound like someone sat you in a dark room and make you watch tapes of Angelo giving pep talks for days on end. Have they brainwashed you too? I am not bashing on Countrywide. I would say the same for anyone in our business. Believe no one. Trust no one. Be prepared for anything. Countrywide is not looking to "stand strong", they are looking to make as much cash as they can. If that means closing parts or all of the company, they will do it in a second, and it won't matter what pledge you signed. Where is there pledge to the employees? James – you sound like someone sat you in a dark room and make you watch tapes of Angelo giving pep talks for days on end. Have they brainwashed you too?
I am not bashing on Countrywide. I would say the same for anyone in our business. Believe no one. Trust no one. Be prepared for anything.
Countrywide is not looking to “stand strong”, they are looking to make as much cash as they can. If that means closing parts or all of the company, they will do it in a second, and it won’t matter what pledge you signed. Where is there pledge to the employees?

]]> By: james http://blownmortgage.com/2007/10/15/the-countrywide-pledge-for-those-interested/comment-page-1/#comment-6071 james Sat, 27 Oct 2007 19:03:08 +0000 http://blownmortgage.com/2007/10/15/the-countrywide-pledge-for-those-interested/#comment-6071 My thoughts. I think it is great that in times of industry turmoil the company releases something to show it has the fight left in them to prove they will stand strong in the end. My thoughts. I think it is great that in times of industry turmoil the company releases something to show it has the fight left in them to prove they will stand strong in the end.

]]> By: Mary http://blownmortgage.com/2007/10/15/the-countrywide-pledge-for-those-interested/comment-page-1/#comment-5744 Mary Sat, 20 Oct 2007 02:10:01 +0000 http://blownmortgage.com/2007/10/15/the-countrywide-pledge-for-those-interested/#comment-5744 Jeremy: So is CFC a cult now? Your friends might want to turn down the free Kool Aid at the next meeting/rally. Jeremy: So is CFC a cult now?

Your friends might want to turn down the free Kool Aid at the next meeting/rally.

]]> By: Jeremy http://blownmortgage.com/2007/10/15/the-countrywide-pledge-for-those-interested/comment-page-1/#comment-5619 Jeremy Wed, 17 Oct 2007 14:22:30 +0000 http://blownmortgage.com/2007/10/15/the-countrywide-pledge-for-those-interested/#comment-5619 I talked with friends of mine that work for Countrywide Wholesale and they said there is no way they are signing that. They are all uncertain as to what it actually binds them to. Spread the word and tell our story??? So is CFC a cult now? I talked with friends of mine that work for Countrywide Wholesale and they said there is no way they are signing that. They are all uncertain as to what it actually binds them to. Spread the word and tell our story??? So is CFC a cult now?

]]> By: Morgan Brown http://blownmortgage.com/2007/10/15/the-countrywide-pledge-for-those-interested/comment-page-1/#comment-5516 Morgan Brown Tue, 16 Oct 2007 06:26:10 +0000 http://blownmortgage.com/2007/10/15/the-countrywide-pledge-for-those-interested/#comment-5516 Dave - that is great! Maybe Countrywide will fund a bracelet SIV to prop up the value of ebay bracelets. What they'll do is borrow money on a short-term basis to buy the bracelets and then sell those bracelets on long term notes. They'll then use the debt payments on the bracelets to pay the short-term interest on the money they borrowed, thus creating a market for the bracelets and turning a profit on the ebay sales (and resultant interest). It will all work wonders until employees and people start realizing that these bracelets are just half-cent rubber POS's from China and will start throwing them out. Then the true value of these bracelets will become known ... oh wait. Dave – that is great! Maybe Countrywide will fund a bracelet SIV to prop up the value of ebay bracelets. What they’ll do is borrow money on a short-term basis to buy the bracelets and then sell those bracelets on long term notes. They’ll then use the debt payments on the bracelets to pay the short-term interest on the money they borrowed, thus creating a market for the bracelets and turning a profit on the ebay sales (and resultant interest). It will all work wonders until employees and people start realizing that these bracelets are just half-cent rubber POS’s from China and will start throwing them out. Then the true value of these bracelets will become known … oh wait.

]]> By: Dave Gahm http://blownmortgage.com/2007/10/15/the-countrywide-pledge-for-those-interested/comment-page-1/#comment-5513 Dave Gahm Tue, 16 Oct 2007 05:55:17 +0000 http://blownmortgage.com/2007/10/15/the-countrywide-pledge-for-those-interested/#comment-5513 I just looked on Ebay and the bracelets seem to be selling about as well as sub prime paper. By tomorrow you will be able to get one for $1.50 :-) I just looked on Ebay and the bracelets seem to be selling about as well as sub prime paper. By tomorrow you will be able to get one for $1.50 :-)

]]> By: Morgan Brown http://blownmortgage.com/2007/10/15/the-countrywide-pledge-for-those-interested/comment-page-1/#comment-5486 Morgan Brown Tue, 16 Oct 2007 00:29:59 +0000 http://blownmortgage.com/2007/10/15/the-countrywide-pledge-for-those-interested/#comment-5486 you can get them on ebay - but watch out they are going for about 150 bucks each - so you can get a bracelet or 7 shares of countrywide stock - your choice! :) you can get them on ebay – but watch out they are going for about 150 bucks each – so you can get a bracelet or 7 shares of countrywide stock – your choice! :)

]]> By: Joel Burslem http://blownmortgage.com/2007/10/15/the-countrywide-pledge-for-those-interested/comment-page-1/#comment-5480 Joel Burslem Mon, 15 Oct 2007 23:40:59 +0000 http://blownmortgage.com/2007/10/15/the-countrywide-pledge-for-those-interested/#comment-5480 I want a Protect This House Wrsitband - it's going to be the Pets.com Sock Puppet of the housing bubble collapse. I want a Protect This House Wrsitband – it’s going to be the Pets.com Sock Puppet of the housing bubble collapse.

]]>