countrywide
Angelo Mozilo's Sucker-Free System for Getting Super Rich
Hamilton Nolan · 10/15/10 03:37PMWall Street: Thursday Morning
cityfile · 05/14/09 05:41AM• AIG's Ed Liddy now says the company will need three to five years to carry out its restructuring plan and repay taxpayer bailout money. [NYT]
• Hedge funds actually saw returns rise more than three percent in April. [DB]
• Walter Noel's Fairfield Greenwich hedge fund is no more. The disgraced firm is handing over its remaining $2.5 billion to Sciens Capital. [NYP]
• The rich get richer: As financial firms raise capital and pay back TARP money, it's Goldman, Morgan Stanley and JPMorgan that are profiting. [Fortune]
Street Talk
cityfile · 07/01/08 04:17AMStreet Talk
cityfile · 06/27/08 04:17AMPoor Smoky Obama Fires Veep Vetter
Pareene · 06/11/08 03:23PMToday, Barack Obama fired the guy he hired to pick his Vice President. The guy, Jim Johnson, apparently got some cash from Countrywide's controversial "real estate loans for friends of our CEO" program. Countrywide destroyed the entire nation, so Johnson has been criticized. Also he picked Geraldine Ferraro for Veep back in the day, so.... Anyway, Obama now needs to hire someone to vet the guy he hires to vet his Vice Presidential choice. We recommend the crooked NBA ref. (The stress of the campaign has driven poor Obama back to his precious, precious cigarettes.)
America's Most Villainous CEO Finds The Little People 'Disgusting'
Hamilton Nolan · 05/21/08 09:24AMAngelo Mozilo is the CEO of disastrous mortgage lender Countrywide, and one of the most overpaid, reviled, and villainous business executives in America today. He's drawn huge salaries even as his company led to the way for the subprime mortgage collapse. So you might expect the guy to be surrounded at all times by a team of highly-paid image consultants, ensuring that every word out of his mouth in some way helped to resurrect his shattered reputation. Wrong, bitches! With a classic "Hitting reply instead of forward" move, Mozilo inadvertently let a desperate homeowner (and the world) know what he thought of his plea for help: "Disgusting.":