July 10, 2008

Bank of America has lost $80 billion in market cap since they announced they were buying Angelo Mozilo and his corrupt Countrywide Toxic Mortgage.



Nice job by BofA CEO Ken Lewis. Nice job indeed.

It takes a real genius to go out and lose $80 billion in shareholder wealth.

Give that man a raise!

Idiot.


Anyone else wondering what Angelo is doing today?

8 comments:

Anonymous said...

I SAW KEN TRYING TO ANSWER QUESTIONS ON CNBC...

HE MADE DENNIS LOOK SMART...

DOPES!!!

David said...

On a persona note: Two days ago I cancelled my Credit Card with bank of America due to their purchase of Countrywide. I told them that I was ceasing all financial realtionships with them dit to their purchase of Countrywide.

I encourage others to follow suit.

Anonymous said...

Looks like we will have to switch banks again. First Citi, then Wamu, now BofA. Who's next?

vanilla ice said...

Seriously, why did Bank of America buy Countryslime? Am I missing something? It's just so totally stupid there must be a reason I'm forgetting. Did the government guarantee all of Countryslime's loans or something?

Anonymous said...

Ironically, I opened an account with B of A about a year ago because I thought they were the most stable institution compared to their peers since they hadn't participated as much in this subprime mess.

And what do they do? After realizing the pool is empty, they swan dive HEAD FIRST into the damn thing!

Unbelievable.

douche inquisitor said...

"Anyone else wondering what Angelo is doing today?"

He better be trying on various sizes of orange jumpsuits to see which one fits him best.

i've had it said...

BoA is dead in the water.
Angelo is planning his escape and hiding his assets.

wings said...

Kagunga!

Ha, ha!

You know it's true!

More evidence of the power of the great Kagunga tidal wave of economic imbecility as it demolishes yet more institutions.

My, oh my!