Comments on: Californians Clamor to Cash Out from Countrywide http://www.southbayblogs.com/californians-clamor-to-cash-out-from-countrywide Manhattan Beach & Redondo Beach Business and Real Estate Mon, 29 Aug 2011 18:39:01 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Southbayblogs.com http://www.southbayblogs.com/californians-clamor-to-cash-out-from-countrywide#comment-6 Southbayblogs.com Tue, 21 Aug 2007 23:30:21 +0000 http://www.southbayblogs.com/californians-clamor-to-cash-out-from-countrywide#comment-6 Keith, I think people tend to act from a knee jerk reaction around their money, regardless of assurances about whether their life savings would be FDIC insured or not. These may not be the same who signed up for products that carry inherent risk; in fact, those who pull their money out from CW are fearing the consequences of the actions of those who jump into products for short term gain and without a long term plan. Jane Keith,

I think people tend to act from a knee jerk reaction around their money, regardless of assurances about whether their life savings would be FDIC insured or not.

These may not be the same who signed up for products that carry inherent risk; in fact, those who pull their money out from CW are fearing the consequences of the actions of those who jump into products for short term gain and without a long term plan.

Jane

]]> By: Keith Gregory http://www.southbayblogs.com/californians-clamor-to-cash-out-from-countrywide#comment-5 Keith Gregory Tue, 21 Aug 2007 02:53:27 +0000 http://www.southbayblogs.com/californians-clamor-to-cash-out-from-countrywide#comment-5 Really absurd that folks would think their FDIC insured money would be at risk. But then, these are probably the same poepl who signed up for 2/28s & other products without realizing the full ramifications. Really absurd that folks would think their FDIC insured money would be at risk. But then, these are probably the same poepl who signed up for 2/28s & other products without realizing the full ramifications.

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