Your Free Market In Action

Fed guaranteeing loans on the BoA takeover of Countrywide?

Also, check this:

Menawhile, Jon Najarian of writes, “To say there was HUGE unusual activity in Countrywide Financial ahead of today’s news that Bank America was close to finalizing a deal to buy the troubled mortgage giant would be as surprising as seeing Dennis Kucinich end his presidential run! We show over 304,000 calls traded against 248,000 puts, but the interesting thing here is that the bulk, some 76 percent of these calls were bought before the announcement! To us this means the likelihood of someone being tipped off was quite high. Like Burj Dubai Tower high!”


Chris Hayes is the host of All In with Chris Hayes on MSNBC.

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