Thursday, October 11, 2007

The clock is ticking for Countrywide

Mortages down 44% year over year for our beloved company Countrwide Financial. Link

And does the CEO, Mozilo (big boss) have faith in his own company Countrywide? Hmmm, let's review his stock transactions for the last year: sold about 365 000 000 dollars of stock.
If the biggest mortgage bank in the US goes bankrupt, that should mean something...

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