tag:blogger.com,1999:blog-18675105.post4404734423914775423..comments2023-12-30T10:06:37.450+00:00Comments on HousingPANIC - The Housing Bubble Blog with an Attitude Problem, 2005 - 2008: Will Countrywide Toxic Mortgage's Angelo Mozilo go to jail?bloggerhttp://www.blogger.com/profile/06585266242070350399noreply@blogger.comBlogger25125tag:blogger.com,1999:blog-18675105.post-40254078665533196492007-10-04T07:19:00.000+01:002007-10-04T07:19:00.000+01:00Oh, sh_t! lock the doors and start the shredders:-...Oh, sh_t! lock the doors and start the shredders:<BR/>--------------------------------<BR/>Countrywide Ordered to Open Books<BR/>By ALLEN P. ROBERTS Jr.<BR/><BR/>Countrywide Financial Corp. was ordered Wednesday to open its books and records to assist an investigation into possible manipulation of stock option grants to executives.<BR/><BR/>The order came as part of the Louisiana Municipal Police Employees' Retirement System lawsuit filed in Delaware Chancery Court last year that accused the Calabasas lender of a “statistical correlation” between some grants and short-term stock price increases.<BR/><BR/>A judge ruled Wednesday that the company must provide access to its financial records, Bloomberg News reported.<BR/><BR/>The state of Massachusetts’ pension system also plans to file a class action lawsuit against the lender by Oct. 15 to try to recoup as much as $20 million it says was lost on the company’s stock.<BR/><BR/>The lawsuits come amid a steep drop in the price of Countrywide’s stock following amid the collapse of the housing market and the subprime lending sector. The stock has lost more than half its value since hitting a 52-week high of $45.26 in April.<BR/><BR/>Shares of Countrywide were down 21 cents to $20.08 in afternoon trading on the New York Stock Exchange.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-91000912119573984572007-10-03T03:35:00.000+01:002007-10-03T03:35:00.000+01:00He should call Martha for some pointers at Club FE...He should call Martha for some pointers at Club FED.<BR/> Speaking of Martha,Can We Arrest martha NOW!!??<BR/> Here's a stupid question-Does anyone think that FBs would have willingly signed the Contracts if They knew completely that they had no bankruptcy recourse ,and would be expected to pay the loan or A-go to jail,or B-wage garnishee,or both?????? Maybe Dopes would have ,but most others would have rented wisely.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-91256741464014887842007-10-03T02:58:00.000+01:002007-10-03T02:58:00.000+01:00I like it that Krugman points out that the reason ...I like it that Krugman points out that the reason this outright corporate fraud is repeating itself is because it was never dealt with before. Every time it happens it just gets pushed under the rug and back to party central as usual.<BR/><BR/>On a parallel note, the Fed created this bubble and is now engaged in bailing out and "hiding" the culprits who helped it happen. The Fed is even buying up crappy mortgages from these companies so that things stay hidden!<BR/><BR/>Here's my question: Can the Fed, being the lender of last resort, IMPLODE ITSELF by buying up all this crap?<BR/><BR/>If so, then I hope they keep on buying and buying til they cease to exist.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-88655091689529099892007-10-02T22:00:00.000+01:002007-10-02T22:00:00.000+01:00Anonymous said... communistsrenterswackjobstinfoil...Anonymous said... <BR/>communists<BR/><BR/>renters<BR/><BR/>wackjobs<BR/><BR/>tinfoilhatters<BR/><BR/>HPers<BR/><BR/>What a club you have here.<BR/><BR/>Let me guess. Every night before you lay down you check under the bed to see if there are any communists under it, right? Good grief, the tinfoil hat guy is less paranoid then you are.brokersleaveyoubrokehttps://www.blogger.com/profile/17872742292613334422noreply@blogger.comtag:blogger.com,1999:blog-18675105.post-58434559927741477462007-10-02T21:40:00.000+01:002007-10-02T21:40:00.000+01:00Anon. saidWhile I dislike Tangelo almost as much a...Anon. said<BR/><BR/>While I dislike Tangelo almost as much as I dislike Greenspan, I don't see where he has done anything illegal. Unethical, immoral, irresponsible - yes. Illegal - no.<BR/><BR/>If you sell stock in your company because you know something that the general public does not yet know then you most certainly committed a crime. If the fed can prove that he had access to information that would be adverse to the stock price (an increase in defaults for example) and he dumped a lot of stock before he made that information public, he could be in for a perp walk.brokersleaveyoubrokehttps://www.blogger.com/profile/17872742292613334422noreply@blogger.comtag:blogger.com,1999:blog-18675105.post-21870211837808458732007-10-02T19:15:00.000+01:002007-10-02T19:15:00.000+01:00Oh and how is everyone's shorts doing? I remember ...Oh and how is everyone's shorts doing? I remember all you clowns were shorting CFC when it was at $17 and $18. How's all that working out?<BR/><BR/>October 02, 2007 12:59 PM<BR/><BR/>Wrong @#$$@#!<BR/><BR/>How about $38 short!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-82260960675984554632007-10-02T18:07:00.000+01:002007-10-02T18:07:00.000+01:00"Oh and how is everyone's shorts doing? I remember..."Oh and how is everyone's shorts doing? I remember all you clowns were shorting CFC when it was at $17 and $18. How's all that working out?"<BR/><BR/>I've been shorting them since $32, I've doing very well, thank you for asking. bought it when Cramer recommended a buy buy buy on CFC. thanks CramerAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-27316558033141313252007-10-02T17:25:00.000+01:002007-10-02T17:25:00.000+01:00communistsrenterswackjobstinfoilhattersHPersWhat a...communists<BR/><BR/>renters<BR/><BR/>wackjobs<BR/><BR/>tinfoilhatters<BR/><BR/>HPers<BR/><BR/>What a club you have here.<BR/>^^^^^^^^^^^^^^^^^^^^^^^^^^^<BR/>Yes, it is fun, isn't it.<BR/>That is why YOU are here, right?FlyingMonkeyWarriorhttps://www.blogger.com/profile/01770643973751363527noreply@blogger.comtag:blogger.com,1999:blog-18675105.post-44768874255309881232007-10-02T17:24:00.000+01:002007-10-02T17:24:00.000+01:00I showed a stock broker all of Mozilo's trades (du...I showed a stock broker all of Mozilo's trades (dumps) posted here, and his shocking remark?<BR/><BR/>"Good for him."<BR/>ughFlyingMonkeyWarriorhttps://www.blogger.com/profile/01770643973751363527noreply@blogger.comtag:blogger.com,1999:blog-18675105.post-18602315267113459472007-10-02T17:11:00.000+01:002007-10-02T17:11:00.000+01:00.My shorts are great, thanks for asking!I've only ....<BR/><BR/><BR/>My shorts are great, thanks for asking!<BR/><BR/><BR/><BR/><BR/>I've only filled them once today!<BR/><BR/><BR/><BR/><BR/>.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-15540546453505246132007-10-02T16:39:00.000+01:002007-10-02T16:39:00.000+01:00Oh and how is everyone's shorts doing? I remember ...Oh and how is everyone's shorts doing? I remember all you clowns were shorting CFC when it was at $17 and $18. How's all that working out?<BR/><BR/>Going well - thanks I bought my puts at 32 bitches! I'm up huge.<BR/><BR/>Of course I lost on the same bet last year. But, I'm almost back to even...<BR/><BR/>pwndAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-25237764189156720732007-10-02T16:25:00.000+01:002007-10-02T16:25:00.000+01:00communistsrenterswackjobstinfoilhattersHPersWhat a...communists<BR/><BR/>renters<BR/><BR/>wackjobs<BR/><BR/>tinfoilhatters<BR/><BR/>HPers<BR/><BR/>What a club you have here.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-15189077024766524622007-10-02T15:55:00.000+01:002007-10-02T15:55:00.000+01:00I have sad news. Barron's listed Mr. Mozilo as on...I have sad news. Barron's listed Mr. Mozilo as one of the 30 most respected CEOs in the world for the past three years, but unfortunately the orange guy won't be on this year's list.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-28558476060671022592007-10-02T15:36:00.000+01:002007-10-02T15:36:00.000+01:00Anonymous said... Oh and how is everyone's shorts ...Anonymous said... <BR/>Oh and how is everyone's shorts doing? I remember all you clowns were shorting CFC when it was at $17 and $18. How's all that working out?<BR/><BR/>October 02, 2007 12:59 PM<BR/>-------<BR/>The fat lady [strike that] the old wrinkled leather faced tangzilo has not been bent over yet.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-32914645895205756522007-10-02T15:28:00.000+01:002007-10-02T15:28:00.000+01:00While I dislike Tangelo almost as much as I dislik...While I dislike Tangelo almost as much as I dislike Greenspan, I don't see where he has done anything illegal. Unethical, immoral, irresponsible - yes. Illegal - no.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-3285174962876433832007-10-02T15:26:00.000+01:002007-10-02T15:26:00.000+01:00The evil orange prune will go to jail - he will se...The evil orange prune will go to jail - he will serve as a symbol of all the problems in the mortgage/housing market and as such, be sent straight to jail. As with Lay and Skilling, they both deserved it as well - they were not alone, but they were used to quell the public while the rest of the thieves skittered away in their shadows to safety. <BR/><BR/>I think the gov't is waiting to see where we land, before moving in. After all, it took quite awhile before the guys @ Enron started shooting themselves and going to jail. <BR/><BR/>Also, they can't let Countrywide fail or it'd be anarchy - so once things are stable, look forward to seeing Mozilo doing hard time. You guys should decide which to root for - a faster bottom to the market so Angelo can go to jail, or a deeper, longer cratering - at which point, he may not live long enough to go behind bars. :PAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-73312629285259235182007-10-02T15:11:00.000+01:002007-10-02T15:11:00.000+01:00What a POS.He should be in jail along with casey s...What a POS.He should be in jail along with casey serin as a cellmate.I cannot imagine a woman being attracted to anything but money with that ugly mug.<BR/><BR/>Screw the shareholders as usual.What a rigged game.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-22111976493893822952007-10-02T13:56:00.000+01:002007-10-02T13:56:00.000+01:00Anonymous said... Paul Krugman predicted a recessi...Anonymous said... <BR/>Paul Krugman predicted a recession in 2002, 2003, 2004, 2005, 2006.<BR/><BR/>Why would you care what he has to say?<BR/><BR/>As for mozillow, he should most certainly not go to jail. He sold stocks in his own company over a few years. That is not a crime.<BR/><BR/>I know to you communists anyone making a profit is a criminal. Not in the real world.<BR/><BR/>October 02, 2007 12:57 PM<BR/><BR/>One word for your thought...moron!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-41022925761288984662007-10-02T13:54:00.000+01:002007-10-02T13:54:00.000+01:00Let the bastard eat cake...as he walks the plank!Let the bastard eat cake...as he walks the plank!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-2845485904306949682007-10-02T12:59:00.000+01:002007-10-02T12:59:00.000+01:00Oh and how is everyone's shorts doing? I remember ...Oh and how is everyone's shorts doing? I remember all you clowns were shorting CFC when it was at $17 and $18. How's all that working out?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-56678363422594801912007-10-02T12:57:00.000+01:002007-10-02T12:57:00.000+01:00Paul Krugman predicted a recession in 2002, 2003, ...Paul Krugman predicted a recession in 2002, 2003, 2004, 2005, 2006.<BR/><BR/>Why would you care what he has to say?<BR/><BR/>As for mozillow, he should most certainly not go to jail. He sold stocks in his own company over a few years. That is not a crime.<BR/><BR/>I know to you communists anyone making a profit is a criminal. Not in the real world.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-24016094780623607582007-10-02T12:32:00.000+01:002007-10-02T12:32:00.000+01:00No. He has too much money.No. He has too much money.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-12268304775771438612007-10-02T12:03:00.000+01:002007-10-02T12:03:00.000+01:00Jail, couldn't happen to a nicer guy.I think they ...Jail, couldn't happen to a nicer guy.<BR/><BR/>I think they should consider broadening the the customary applicability of such judicial remedies as capital or, at the very least, corporal punishment.Paul E. Mathhttps://www.blogger.com/profile/03719759088047080921noreply@blogger.comtag:blogger.com,1999:blog-18675105.post-13407585301199308792007-10-02T11:50:00.000+01:002007-10-02T11:50:00.000+01:00Give the guy a break - he's just trying to get by ...Give the guy a break - he's just trying to get by like us.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-87947566193467532522007-10-02T11:34:00.000+01:002007-10-02T11:34:00.000+01:00Ironically CFC has been up the past few trading da...Ironically CFC has been up the past few trading days. Apparently the sheeple think its all over, 100's of billions are in the midst of evaporating and somehow its just over like that w/ a Fed Cut and some words by Greenspan & Company? I thought financial markets worked based upon fundamentals & not wishful thinking? So if all the banks are going to be writing down billions of debt over the next couple of years then their stocks should go down not up. I guess we just have to wait for a few more sets of quarterly reports to let reality set in?Anonymousnoreply@blogger.com