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Awgee You might have explained this once and I forgot, sorry, but since I am not very experienced one bit in currency trade other than China artificially pegs its currency to the dollar can you explain what you and IR are talking about when you talk about carry-trade? I understand...

Wow great interview!!! Short and simple...right to the point.

TRRenter....I should probably leave this to lendingmaestro but I will take a stab at it. Depending on the loan some of the ARMs can adjust monthly, quarterly, bi-annually, or yearly I believe. So refinance into a fix gets you the same rate for the rest of the loan life without having to worry...

WTF!!!

WTF....this guy is a complete retard!!!

Awgee.....that link you posted is pretty radical.

BAC will own CFC by the 1Q08...that is my bet

Trooper....if they have a guaranteed pension fund then more than likely it will be taken over by the PBGC, which is a government entity. However, anyone that has stock options or a 401K that is heavily invested in CFC stock well I hope they are ready to work for a few more years.

That might be one of the fresh op pieces I have ever read.

Awgee <em>"Sorry, I should have been more clear. I was writing of the creditors only, thus the last 11.5 will be the last of the creditors to be paid. Then the bond holders, then the preferred stock holders, (if there exists preferred CFC), then the convertible, and then last the common...

IR...don't lie that is really you!!! hahahaah j/k.

Eva.....their is a difference between a line of credit and the issuance of preferred stock. Yes lines of credit are typically secured by hard assets such as RE, IP, Personal Assets...etc and even with warrant kickers. Even though they are secured by hard assets it does not mean they are always...

Marty McFly....that is all they have, either convert stock or first right of refusal. I have not seen anything where they are in 1st position on any assets. If they are please point them out I would love to see.

Ok so it converts preferred stock into common stock. Still does not put them ahead of bond holders or other creditors. However, holding that many shares could put them in a position to gain one or maybe two seats on CFC's board. If they could pull that off it would allow them to make...

Awgee....actually wouldn't common stockholders be last in line? I know I know it really doesn't matter at that point b/c nobody is getting diddly squat.

Morekaos....can you provide a link or some other sort of information on how you derived your rational that BAC will be in first position on all of CFC's assets? I have never seen a scenario where someone who is holding preferred stock takes a 1st position over all the bond holders. I...

OC-Conservative....."It's stabilizing"

thx

Sorry for creating a new thread but I just moved out of my apt and my landlord is trying to charge me $1000.00 for damages that were one not their when I left and two were not identified during the initial walk through. Does anyone know where I can find the California Rental Laws that...

Bush's speech was nothing more than a dog and pony show for all the political pundits to see that the govt is trying to do something...albeit very little. Relieving the tax burden of foreclosed homeowners does nothing for what the underlying problem really is. To many uneducated...