tag:blogger.com,1999:blog-18675105.post7155070869570385228..comments2023-12-30T10:06:37.450+00:00Comments on HousingPANIC - The Housing Bubble Blog with an Attitude Problem, 2005 - 2008: Here's Countrywide Mortgage's Angelo Mozilo trying to defend why he sold $118 million in CFC stock before his company crashedbloggerhttp://www.blogger.com/profile/06585266242070350399noreply@blogger.comBlogger16125tag:blogger.com,1999:blog-18675105.post-43078716161706574012007-07-29T19:04:00.000+01:002007-07-29T19:04:00.000+01:00Ok, Moz needs a reality check.1st: Most of these ...Ok, Moz needs a reality check.<BR/><BR/>1st: Most of these contracts or options expire 2016, 2015, 2014, 2013, 2012, 2011 respectively.<BR/><BR/>2nd: He ducks and covers by using a POA -power of attorney having someone else dispose and acquire the shares. (Plausible deniability “I don’t know how many shares I have in my name.”)<BR/><BR/>3rd: Regardless of the fact that he may have a 10b5-1 plan, it is noteworthy to mention that while most directors create these to avoid SEC investigations and have their benefits curtailed by automatic withdraws or purchases, he has been busy with the options the last consecutive months whether inadvertent or not – boosting the shares and artificially diluting the value afterwards.<BR/><BR/>4th: He may be 68 but his term does not end until 2008 and he is in a holding pattern on his shares through his family trust, 401k, and his wife’s holdings. (What no buyback with your own funds?)<BR/><BR/>5th: He served on the Mortgage Bankers Association of America board and was president of the association in the 90's. (Think what the NAR is to the Realtor but this group is for the Mortgage Brokers)<BR/><BR/>6th: He serves on board of directors of the Harvard Kennedy School Joint Center for Housing Studies and as trustee of the National Housing Endowment (a/k/a donate money to your alums and generate strategic joint venture businesses)<BR/><BR/>Happy Hunting…benevolentstranger.blogspot.comhttps://www.blogger.com/profile/12719575046057478265noreply@blogger.comtag:blogger.com,1999:blog-18675105.post-49026274283553138902007-07-29T05:36:00.000+01:002007-07-29T05:36:00.000+01:00LMAO.LMAO.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-32273640278602205962007-07-29T03:27:00.000+01:002007-07-29T03:27:00.000+01:00is countrywide still hiring and buying competetors...is countrywide still hiring and buying competetors? didn't they borrow $2B the other day? <BR/><BR/>when this big kahoona falls, all hell will break loose....Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-58541162021717913342007-07-28T20:55:00.000+01:002007-07-28T20:55:00.000+01:00Mozillo must HATE this blogMozillo must HATE this blogAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-86379755949302985392007-07-28T20:36:00.000+01:002007-07-28T20:36:00.000+01:00He doesn't look human anymore. It's like the Itali...He doesn't look human anymore. It's like the Italian Michael Jackson. <BR/><BR/>CFC - It's never good to borrow money at 7% for stock buybacks.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-35458689692042507462007-07-28T18:45:00.000+01:002007-07-28T18:45:00.000+01:00That Sunkist Muther F**ker!That Sunkist Muther F**ker!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-5171323393695921292007-07-28T18:21:00.000+01:002007-07-28T18:21:00.000+01:00Serious question what color is he supposed to be?Serious question what color is he supposed to be?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-38156512797993505802007-07-28T17:34:00.000+01:002007-07-28T17:34:00.000+01:00He's not quite orange or crispy enough...I think h...He's not quite orange or crispy enough...I think he needs to shake and bake longer!benevolentstranger.blogspot.comhttps://www.blogger.com/profile/12719575046057478265noreply@blogger.comtag:blogger.com,1999:blog-18675105.post-36057158466495436552007-07-28T16:10:00.000+01:002007-07-28T16:10:00.000+01:00Joe Nacchio.......first pony to the show. Martha w...Joe Nacchio.......first pony to the show. Martha will be calling soon.<BR/> This really is Deja Vu all over again.<BR/> Wonder who the new Terrorists will be in Dot Bombs PartII?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-73028642931455340882007-07-28T15:32:00.000+01:002007-07-28T15:32:00.000+01:00He's Toast!!Literally, just look at him!!He's Toast!!<BR/><BR/>Literally, just look at him!!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-61325497202946490762007-07-28T15:07:00.000+01:002007-07-28T15:07:00.000+01:00How about a $200 million dollar fine and we call i...How about a $200 million dollar fine and we call it square?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-25233884396326164542007-07-28T14:51:00.000+01:002007-07-28T14:51:00.000+01:00"The only thing that is being sold under the 10b5-..."The only thing that is being sold under the 10b5-1 are options with expiration dates....."<BR/>************************************************<BR/>If true, what's the big deal?? I had to do the same thing 3 months ago....granted on a MUCH smaller scale :)Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-25621779499893725802007-07-28T14:22:00.000+01:002007-07-28T14:22:00.000+01:00Say hi to Bubba in prison for us. hahahahahaSay hi to Bubba in prison for us. hahahahahaAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-30302940961235479912007-07-28T13:59:00.000+01:002007-07-28T13:59:00.000+01:00He's a criminal. Living in CA, he should know of ...He's a criminal. Living in CA, he should know of another banking criminal organization named Providian Financial. (A San Francisco sub prime credit card issuer that nearly went bankrupt in 2001).<BR/><BR/>Angelo's little syndiate outfit is going down just like Providian did. If you want to make a ton of $$ off Angelo going to jail, just research and learn about what happened to Providian Financial.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-24196465928214838792007-07-28T13:23:00.000+01:002007-07-28T13:23:00.000+01:00But CFC is taking market share!But CFC is taking market share!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-20390134261803785352007-07-28T12:58:00.000+01:002007-07-28T12:58:00.000+01:00And for a CEO to be desperately selling as the com...<I>And for a CEO to be desperately selling as the company he runs is doing stock buybacks to prop up the price, man, that stinks to high heaven.</I><BR/><BR/>Yep. SOP in the new Amerika comrade. The only question is to which foreign country will he be ambassador after the CFC crash begins in earnest?Anonymousnoreply@blogger.com