Funny Business with Jane Wells

SRM Global Likes Countrywide--And A YouTube Look At Job Market

Hedge Fund SRM Global Master Fund is buying more Countrywide shares. The fund has boosted its stake from 32 million shares, to 47 million, or slightly more than 8 percent of shares. Most of the shares were bought in the last few days, at prices ranging from $4.83 to $5.69--so they've made some money, lost some money.

SRM thinks Bank of America should pay more for Countrywide. In a couple of weeks, the Federal Reserve will be holding meetings here in Los Angeles on what the public thinks about the sale. I will be at those meetings. Should be interesting.

Meantime, Ray T. forwarded me this hilarious YouTube video on the current job market.

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