March 08, 2008

Get used to more pictures like these as the whole Housing and Mortgage Ponzi Scheme unravels


20 comments:

area 51 said...

I am reminded of a similar scene with the tobacco execs who said, "I FIRMLY SWEAR AND BELIEVE SMOKING DOES NOT CAUSE CANCER."

edd said...

Tangello gives the sign that he's
loyal to Rainbow Posse, so he'll have protection at San Quentin.

(Unless he foreclosed on
eMe-13's clubhouse.)

Anonymous said...

If they'd stretch their hands out a little more, it'd be the Nazi salute!

LauraVella said...

Oramge man looks alittle concerned... or is that guilt???

SeattleMoose said...

Reminds me when Big Tobacco was lined up.....

I would like to make each one of these guys a cruise missile test pilot.

Anonymous said...

Damn, that's a lot of crooks in one photo.

Anonymous said...

FBI Investigates Countrywide

By Glenn R. Simpson and Evan Perez

WASHINGTON -- The Federal Bureau of Investigation is probing subprime lender Countrywide Financial Corp. for possible securities fraud, according to law-enforcement officials and finance-industry executives.

The inquiry involves whether company officials made misrepresentations about the company's financial position and the quality of its mortgage loans in securities filings, four people with knowledge of the matter said. It is at an early stage, they emphasized.

"We are not aware of an investigation being conducted by the FBI," Countrywide spokeswoman Jumana Bauwens said in an e-mail. A spokesman for Bank of America Corp., which is in the midst of acquiring Countrywide, declined ...

Anonymous said...

Looks like he said Nannu Nannu.The parted pinky is a dead give away.
shakster

Anonymous said...

So the orange one is also a short little bastard.

Steve said...

Keith, I vividly remember the day Mozilo said CountyWide was like a top-conditioned athlete. Investors knew CW was rotting, and short sellers were placing bets that CW would go down. Then he pulled that phrase destined to go down in history as one of the biggest whoppers of a lie ever told.... CW is like a top-conditioned athlete.

Of course CW share went up, smart investors who shorted CW got screwed (investors that still thought there were rules on Wall Street). And Mozilo dumped his pumped shares.

This statement alone should be how he is judged. Check this out for some HP nostalgia:

http://tinyurl.com/35x3qj

Anonymous said...

http://money.cnn.com/2008/03/08/news/companies/countrywide_FBI/index.htm?section=money_latest

Anonymous said...

Executives at the top say:

Fuck you sheeple.

Deal with it SUCKERS.

HAR HAR HAR

Peter T said...

At money.cnn.com
"Countrywide reportedly under FBI investigation - The troubled home loan servicer is being probed by Feds for using fraudulent lending practices, financial reporting."
under
http://money.cnn.com/2008/03/08/news/companies/countrywide_FBI/index.htm

Who knows? Maybe, we'll see Angelo soon showing off his orange clothes.

Anonymous said...

Hey Keith, you're going to love this:

FBI begins criminal inquiry into Countrywide: paper

NEW YORK (Reuters) - The FBI has begun a criminal inquiry into the largest U.S. mortgage lender, Countrywide Financial Corp, for suspected securities fraud as part of investigations into the mortgage crisis, The New York Times reported in Sunday editions.

Citing unnamed government officials with knowledge of the case, the Times said the investigation into whether Countrywide misrepresented its financial condition and the soundness of its loans in securities filings was at an early stage and it was not clear if any charges would result.


http://tinyurl.com/3eyzul

Anonymous said...

What's with the red ties? I think something in hemp would be more appropriate.

Gas Chamber Please said...

Whoever sold orang man that suit had a real sense of humor.

Look at the cuff details.

All this from a muliti-millionaire.

His next gig: Wonder drug thalidamide for pregnant women and a miracle orange pill for year roung jaundiced look... Sold exclusively through Countrywide Mortgage stores...

Anonymous said...

Anyone made the connection that Countrywide's headquarters is located in Calabasas which means "pumpkin"? Maybe that explains why he's the Orange Man. Knock, knock, trick or treat?

Keyser Soze said...

More crooked than a
Barrel o' Snakes?

Keyser Soze said...

I confess that i watched each of their opening remarks...these assbiscuits feel they are still heroes and victims:
Prince: I was the first member of my family to go to college.
McNeal: My grandfather was a slave.
Mozilo: I started this company with nothing.

You can't make this sh*t up!!!!!

Anonymous said...

People complain that there's not enough diversity in the workplace so It's nice it's nice to see visible minorities among this group.