September 08, 2007

HousingPANIC's "Angelo Mozilo Stupid Quote of the Day"


``It was impossible to anticipate the credit crisis we've seen on a worldwide basis"

- Countrywide's Angelo Mozilo, after dumping $425,000,000 of CFC shares, either lying, or who must not have had access to HP, Contrarian Chronicles, Peter Schiff, Robert Shiller, The Economist or hundreds of other sources who predicted EXACTLY what we're seeing today.

(Yes, I'm short CFC, and thanks to an HP'er for the new Mozilo get-up!)



20 comments:

Anonymous said...

He's gonna be PISSED at that picture!!!!!!!!!!!!!

Anonymous said...

How many home builders said the exact same thing: WE NEVER SAW IT COMING meanwhile they sold all their shares too

Anonymous said...

cuffs need to be silver with his hands out
gotta see more of the cuffs..and oh yeah
hes gonna be pissed

bickerer said...

It was impossible! And Keith you couldn't have done it either without your crystal ball and terra cards.

tricky dick said...

Great pic keith, love it.I wonder how the 12000 workers feel about getting pink slips yesterday as he sold millions in options.Just not too long ago business was great and real estate only goes up.What a con game.Steal from the minions so the rich get richer.

Anonymous said...

wait wait wait

Mozillo bought land in Paraguay!!!

Paul E. Math said...

It does my heart good to see that. I can't wait until it's for real.

Anonymous said...

He knew it was coming over a year ago when he started dumping shares.

I think he was "DOPES" and possibly several other trolls that use to post here.

Vanwilder said...

Heh he looks like the guy from fantasy island in that pic,hmm gotta be something odd about that .

Veronica Lodge said...

RE: Angelo Mozilo and his "It was impossible to anticipate the credit crisis we've seen on a worldwide basis" comment.


Let's see... The bastard is obviously confused, misinformed or lying.

I know! The son of a bitch is LYING !!! LYING !!! LYING !!! LYING !!! LYING !!!

V.L.

Anonymous said...

I can't believe he was unable to unload 425 million of a company worth squat

Suckers

buyerwillepb said...

Are the FBs ready to organize yet?

There is another way.

From The Little Red Book

7. DARE TO STRUGGLE AND DARE TO WIN

People of the world, unite and defeat the U.S. aggressors and all their running dogs! People of the world, be courageous, dare to fight, defy difficulties and advance wave upon wave. Then the whole world will belong to the people. Monsters of all kinds shall be destroyed.

All Orange Monsters should be shaking in their boots.

Anonymous said...

Mozilo better tan up before he hits the big house

Edgar said...

You should have a picture of Orangzillo & family hanging golden parachutes. No way they see the inside of a prison cell.

Anonymous said...

Bloodbath At Countrywide

Countrywide, the nation’s largest and recently most-embattled mortgage lender, announced it was laying off as many as 12,000 people today, roughly one-fifth of its 61,000-strong workforce. In a letter to employees company founder and ceo Angelo Mozilo called the current slump “the most severe in the contemporary history of our industry.” He said home price appreciation had “stopped dead in its tracks,” that there had been increased delinquencies in “far too many borrowers” and that the secondary market for jumbo loans and those that don’t qualify for government-sponsored insurance “has become nearly illiquid.”

Owner Earnings said...

That's awesome!

Anonymous said...

Classic!!! This should be Housing Panic's Mascot!

kitchenstove said...

The color looks great on him! It really brings out his eyes. Great accessories too! Silver cuffs are always in style. You have to remember the accessories, they can turn even a plain, orange jumpsuit into so much more.

Shakster said...

They LUVChild of Martha Stewart ,and Alan Greenspan.

Anonymous said...

.



Is that his real skin color or is that an orange jumpsuit?






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