Reaction to my comments onmy last post on Countrywide:
From Albert R:
"JANES WELLS. GET A JOB! STOP REPEATING THE SAME B.S. ON COUNTRYWIDE."
From Ed L:
"...we have 8 forclosures in our neighborhood (so far) of 62 homes, all Countrywide loans to investors..(all over $2 million with 2nd and 3rd mortgages). We shall see what happens."
He also pointed to me to what may be the most anti-Countrywide blog out there.
From Gregg G., responding to some of my specific comments:
Jane: “It seems these cuts are coming in dribs and drabs, devastating those who get pink slips, but not yet making a huge impact on the community.”
Gregg: “A recession is when your neighbor loses his/her job. A depression is when you lose yours.” Harry Truman said that.
Jane: “I know some out-of-work appraisers who need a job after the housing boom burst. When a door closes...”
Gregg: "When a door closes...the plywood goes up on the windows and the neighborhood meth addicts move in." I said that.
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