How much wll the stock market drop?

[Bassmaster]

Originally Posted by Jim

I guess I am trying to be an optimist. I didn't hear that the Countrywide deal was a bust. I did hear that BofA was in some trouble.

And Fonz...it's good to know that the US economy is causing problems around the world. About time someone bailed us out.

I have a second mortgage for about 20,000 with Countrywide. I went this route to avoid paying PMI. I am able to write off the interest on this loan. If I paid PMI, that's about 100 a month out the door. Should I be concerned about the Countrywide problems or will the loan be bought by another company???