I hope that this is enough to calm the fears of the market, somehow I don't think that it will be though.  I don't think that the market will calm down until the foreclosure cloud is lifted.  Countrywide might do okay, but what about all the people still between the rock and the hard space?

Bob Mitchell

ValueList Real Estate Services, Inc. 

Bob, I agree... we have a long way to go.  Many of these announcements end up in closings, it's nice to see that CW at least will not go down without a fight.

Hi Stephen,
Lots has happened since you posted this, right?  Come on, give us another post.

Cynthia, ask and you shall receive.  Many kind thanks for reading.

posting  a $422 million 4th quater loss is quite a surprise for CW...  BOA still gets a good deal.

Yes, that hurts a little!  CW jumped in head first in the past build up and they are paying the price now.

Steve Olczak