Countrywide Update: Layoffs Occurring, Is Buffett Buying?
August 21st, 2007 • Related • Filed Under
If you're new here, you may want to subscribe to my RSS feed. Thanks for visiting!
Since Countrywide Financial seems to be the bellweather of the housing market the past few days, lets take a look at what is happenning with the company.
- Reuters has that Countrywide is cutting 500 jobs nationwide. With the lower production in loans, there will be more of this to come I fear. Presently Countrywide has over 61,000 employees.
- Rumors abound that Warren Buffett’s Berkshire Hathaway may be interested in Countrywide Financial. Buffett’s company is known for buying companies that are solid financially but facing rough waters. With the hedge funds in a defensive posture, this may be the time for Buffett to pounce. Oh, and he has a 50 billion dollar war chest he is sitting on, so he is more than prepared to ride out any storm that Countrywide is facing.
whatever do you know him or were you there? correct we were not there so why are you so sure ...
This property is a wonderful property that just closed escrow for $ 16.5 Million. The asking price was way ...
Unfortunately, there's only one reason Oliver isn't telling you the 'other side.' The victim's version was true. He is what ...
I find all of this very interesting. I have recently moved into a community that is considering offering lease/buy options, ...
Realist, you've got some points in about the article. Seeing as how anyone at NAR is probably a bit biased, ...
I would speculate that RE/MAX agents lower their commissions most often because of how the brokerage is set up - ...
Your definition of "facts" is rather loose - pretty heavy on anecdotal observations and subjective terms. And classifying Lawrence Yun's ...
I have always wondered how all these houses built in one week hold up- do they build them in one ...
Damn mainstream news and media! That is why I listen to NPR! 
Comment by Chris Cady on 22 August 2007:
We all know Buffett is a well informed, genius investor. Well according to this, site,http://www.newsvisual.com/newsvisual/2007/08/berkshire-hatha.html he makes sure he has people everywhere to ensure he’s making the correct decision.