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Old 09-12-2007, 10:00 PM
Fishhead24 Fishhead24 is offline
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Join Date: Jan 2007
Posts: 1,196
Default Re: What happens to my mortgages if CountryWide goes bust?

OK, major update.......Went into my local CW bank branch today to withdraw a few bucks..........and was greeted by a waiting line ten customer based deep(usually no one in there at all).

I thought "oh [censored]", the run on the bank is in full force here in Clearwater.

Well, the was only ONE employee in the joint and he was handling all the transactions in the front and I could clearly hear what everybodys personal banking transactions were. Get this, ALL of them were making significant deposits into the higher rated CD'S the CW is currently offering, such as 5.65% on 12 month CD's.

Thoughts?
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