"A republic, if you can keep it." Defeat MAGA
"A republic, if you can keep it." Defeat MAGA
Countrywide dogs howling over bare bones Just when BofA maybe thought all was well with their purchase of Countrywide, suddenly a pack of dogs wants to (and may well) force Countrywide into bankruptcy to grab assets. Why? Because Countrywide didn’t…
Sen. Dodd claims he wants to reform the very same industry where he got low rate mortgages personally ok’ed by Countrywide CEO Angelo Mozilo. Dodd’s office quickly responded to the potentially costly revelation with a statement: “The Dodds received a…
Senators Dodd and Conrad are among the government officials who scored V.I.P. loans from C.E.O. Angelo Mozilo. Countrywide CEO Mozilo personally ok’ed the loan terms too and the senators (and other politically connected people) received better deals than ordinary homeowners.…
I’m guessing CEO Angelo “If I can’t drive a company into bankruptcy and keep billions while doing so, then I fear socialism is coming to the US” Mozilo may well be having some sleepless nights. Can you say “Enron?” I…
BofA is in “advanced talks” to buy Countrywide. (Their original stake in Countrywide, taken a few months back, was at $18 a share. Countrywide closed today at $7.)