Bye Bye From Angelo Mozilo, Countrywide CEO
Exceprt from an internal email to Countrywide employees on his last day as CEO as a result of the purchase rescue of Countrywide mortgage by Bank of America, Angelo Mozilo wrote:
Beginning in 1968, David Loeb and I labored seven days a week for several years attempting to have our voice heard and our mission to open up homeownership opportunities to as many families as possible to gain traction.
Boo hoo. I worked so hard. See ya suckers for all the big bucks I’ll pocket. BTW, David Loeb was co-founder of Countrywide and died July 2003. The press release is no longer available on Countrywide’s corporate site but is here via Google cache.
InvestmentFatCat.com said
am July 1 2008 @ 12:24 am
And what about the “Friends of Angelo” mortgages that he doled out ? Here is one article with the headline “Countrywide’s Many ‘Friends’” http://www.portfolio.com/news-markets/top-5/2008/06/12/Countrywide-Loan-Scandal
First paragraph of the article: “Two U.S. senators, two former Cabinet members, and a former ambassador to the United Nations received loans from Countrywide Financial through a little-known program that waived points, lender fees, and company borrowing rules for prominent people.”
nobody said
am July 3 2008 @ 12:00 am
Another self-absorbed CEO. Notice how he writes about himself. How hard he worked. How much he labored. The world does not just revolve around him, it is him.