You will hear another five recordings. For each recording, decide what opinion each recording conveys. Write one letter(

You will hear another five recordings.
For each recording, decide what opinion each recording convey.
Write one letter(A-H)next to the number of the recording.
Do not use any letter more than once.
After you have listened once, replay the recordings.
You have 15 seconds to read the list A-H.
[pause]
Now listen, and decide what opinion each recording conveys.
[pause]
Eighteen
Man: The main driver was real estate values rising. And when they begin to rise—not different from the tech boom—everybody at all levels of society wants to participate. They don’t want to be left behind. And that’s particularly true with home-ownership, which comes with a passion to make a profit, to own something. But there’s no question there were speculators who were trying to make a quick profit.
[pause]
Nineteen
Man: We look continuously to bring in more investors. This is a living organism. Countrywide continues to operate in an environment that’s changing constantly around it. And the reason why we’ve survived over many years and nobody else has in the mortgage banking space—nobody else has, we’re the only survivor—is because Countrywide constantly adjusts itself to the environment. And so we will do whatever the environment dictates that we must do to make certain we remain a viable player going forward.
[pause]
Twenty
Woman: I can’t say I see any great signs of light in terms of the market easing. There’s still a lot of tension in the mortgage market, a lot of stress in the financial markets. But the only thing I would say is that a couple of weeks ago you probably couldn’t do anything at any price, and now it appears you can do something at some price. So, you know, maybe there is a little bit of liquidity coming back. But it’s hard to tell how long this is going to go on.
[pause]
Twenty-one
Man: Again, the business environment, what happens in the mortgage origination space, and what happens with interest rates going forward. You could have a refinance boom going forward, and that would create one situation. As you see, real estate sales are down. Real estate values continue to go down, which breeds dissatisfaction on the part of people out there who bought houses thinking they were going to make a profit. And so it just depends. You just have to have confidence that Countrywide will continue to morph.
[pause]
Twenty-two
Man: There’s a recession in housing. I don’t think anybody can debate that. Prices continue to go down, as evidenced by the National Association of Realtors numbers. Sales are down 12 months in a row, uh, 16, actually. And you see what’s happening to homebuilders. The question that can be debated is whether this is going to spill over into the economy in one form or another. I think it is.
[pause]
That is the end of Part Two.
[pause]