July 25, 2007
America, you got taken by conmen, hucksters, get-rich-quick schisters, flim-flam dealers and human scum
In other words, realtors, mortgage brokers, lenders and builders on commission, in addition to a corrupt NAR, an incompetent MSM, and a criminally negligent Fed, Congress and President.
And now you know.
Good luck out there. I hope you don't let it happen again (for awhile)
COUNTRYWIDE COLLAPSES AS CHIEF CASHES IN
Profits tumbled yesterday for the nation's largest home mortgage firm - Countrywide Financial - even as its chief Angelo Mozilo was quietly cashing out a $118.2 million options windfall ahead of its new troubles.
The company reported a 33 percent drop in profits, and expects deep losses across the industry in the wake of housing's thundering crash that's sending cracks this summer throughout the financial services landscape.