Jason Abrahamson

Sure you can buy CFC right now for under $5.00 a share, sit on it for three weeks and sell it for a nice little profit, but why? So you can make a buck? whoopie!

CFC is a long term investment right now, not a short.  As the phrase goes, the bigger they are, the harder they fall.  CFC was a mortgage lender turned bank, whereas all there counterparts that are struggling were banks turned mortgage lender i.e.: WMAU, IndyMac, etc.  SO what does this mean?  That means CFC had to have liquidity to start.  They had to have capital.  Banks don’t need any capital, they use our money for there money, so in order for CFC to loan money they had to start with some.  They made money on that money, and loaned out more money, making more money on that money and so on.

All the analysts and “experts” say to run away from Countrywide, but I say to gamble.  The bigger they are, the harder they fall, and the nation’s largest home lender isn’t about to fold.  It would completely devastate this economy if the company who owns over 25% of all the mortgages in the country goes bankrupt.  Countrywide would actually probably be better off long term if BOFA doesn’t buy them, but regardless, somebody is going to  pick them up or they will recover and either way there stock is a steal right now.

I am at the in-laws to be this weekend.  Last weekend was Disneyland and the proposal, this weekend was mothers day with her family, brunch tomorrow at Salt Creek Grille, and celebratory dinner tonight at her house.  We went to see Liz’s grandma today, and we’ll probably go see her other one tomorrow.

You would think being engaged that I would be more scared…but I’m not.  I’m so happy, so very very happy.  I’m excited and happy.  Sure there are things I worry about, but all in all I’m just so happy and excited about it all.

Ironically enough Father of the Bride and Father of the Bride II were on TNT today.  I guess that really isn’t all that ironic as they are on there all the time.  Liz and I watched it with her mom, and they started to cry at the end…it made me sad because I was taking this woman’s little girl from her, but Liz promised of course to see her more than just Christmas…which won’t be a problem.

Years ago I use to blog about how bad life was…today I blog about how good life is.  Give everything enough time and it all works itself out for the better.

Now if you’ll excuse me, I’m going to go snuggle with my fiancee.

So not that anybody ever reads my blog anymore, my own fault as I don’t update it much, but Liz and I are getting married.  I proposed to her at Pt. Mugu rock Friday May 2nd 2008.  Pt. Mugu rock was a special place for us, and more specifically a special place for me.  I got her what I think is a gorgeous ring, she agrees, but I thought it was just breath taking.

Hopefully everyone can see the picture, I linked it from facebook but did an absolute path.  Anyways, its a gorgeous ring, almost as pretty as her.  So I did it at Pt. Mugu rock and of course I was romantic about it.  I wrote her a letter and gave her a music box with the name I call her “belle” engraved on it.  She thought she was just getting a graduation present, and then she opened to box to find much more than a graduation present in there.  Of course the first people we called were her parents.  They weren’t shocked and were very very happy for us.

We finished out the weekend with dinner with my parents on Friday to celebrate and then off to Disneyland.  We had breakfast Saturday morning at the Original Pancake house, and dinner at Steakhoue 55 in the Disneyland Hotel.  Our very close and wonderful friends Chris and Laura met us Sunday morning for breakfast and joined us back at Disneyland to enjoy a little bit of the Food & Wine Festival.  We got to ride in Walt’s private train car the Lillybelle (which isn’t as hard as you might think, you just have to ask the conductor in the train office immediately when you walk into the station).  We ended the evening sharing a nice quite dinner with them at the Blue Bayou.

It was the perfect weekend, and I couldn’t think of a more amazing woman to spend my life with.  I am very happy and truly blessed.