``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:
He's gonna be PISSED at that picture!!!!!!!!!!!!!
How many home builders said the exact same thing: WE NEVER SAW IT COMING meanwhile they sold all their shares too
cuffs need to be silver with his hands out
gotta see more of the cuffs..and oh yeah
hes gonna be pissed
It was impossible! And Keith you couldn't have done it either without your crystal ball and terra cards.
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.
wait wait wait
Mozillo bought land in Paraguay!!!
It does my heart good to see that. I can't wait until it's for real.
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.
Heh he looks like the guy from fantasy island in that pic,hmm gotta be something odd about that .
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.
I can't believe he was unable to unload 425 million of a company worth squat
Suckers
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.
Mozilo better tan up before he hits the big house
You should have a picture of Orangzillo & family hanging golden parachutes. No way they see the inside of a prison cell.
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.”
That's awesome!
Classic!!! This should be Housing Panic's Mascot!
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.
They LUVChild of Martha Stewart ,and Alan Greenspan.
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Is that his real skin color or is that an orange jumpsuit?
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