I think so.
Here's the internal memo from yesterday Angelo sent to soon-to-be-former Countrywide employees.
Message from the CEO
Message to all employees from Angelo Mozilo, Chairman and CEO.
There is no question that all of us at Countrywide and all those involved in the financial services industry have been impacted by this unprecedented world wide credit crisis. Over the past 40 years, since the founding of our Company, there have been many global and domestic events that challenged the will, the tenacity, the strength and the character of the Countrywide family. Each and every time we have risen to the occasion and, in fact, we have led not only our Company but also the industry through many periods of crisis.
During this time, I have received many kind messages from employees throughout the country. I want to take this opportunity to thank all of those who have expressed their support for me personally, and to convey my deepest appreciation for all members of the Countrywide family who continue to work very hard and who have made tremendous sacrifices on behalf of our Company. I would also like to recognize Dave Sambol and the entire team who have worked tirelessly for the past several months in managing the many and varied challenges that have arisen as the result of the disruption in the credit markets.
Again, thank you for your continuing dedication to Countrywide. I commit to each and every one of you that I will do everything in my power to make certain that our management team utilizes all of its resources as we migrate through to a new and different chapter in the history of our Company and in our industry.
My only questions - who the hell is sending Angelo kind messages? Two words - suck ups. And if management is utilizing all its resources, does that mean that they'll take their hundreds of millions of dollars in ill-gotten gains from insider trading and use them to repurchase shares or contribute to an employee assistance program? Yeah, didn't think so.
Angelo Mozilo is KenLay. Angelo Mozilo is Bernie Ebbers. And Angelo Mozilo will come to represent the greed and corruption of the Late Great Housing Ponzi Scheme.