Countrywide CEO on why he's sold $gazillions in stock

[sha370z]

humans love to lie

[mumpump]

ORANGE SCUMBAG!!!

[kritikkal]

"I'm glad you asked me that because I have a really good lie I've been working on that I want to tell you....

[ginaswo]

being charged on tv right now by SEC...

by bye angelo

[Thinkingisallowed]

Angelo Mozillo is a criminal and should be in jail. However, in America the real criminals, those who hurt or kill millions of people are considered "smart" or "heros".

[jeffstudbum]

The orange man!

[BadfingerFan]

While the blimp still floats, CW's top officers stuffed their bags as fast as possible.

We need to reinstate the 95% tax bracket for the filthy rich, and, reduce taxes for the middle and lower class tax payers.

[davidluk8]

Obvious insider trading.

[neil7d]

Debt Solutions Group can assist many homeowners with loan modification and renegotiations. For free consultation, please call 888.844.3557 ext. 6115 or 6103.

[gzies1]

He sold his shares cuz he knew that his company is going DOWN DOWN DOWN. Insider trading???

[ripousse]

guilty of what

[dave98503]

I used to work at CW. They hired ghetto women that were fat, smokers, lazy, argumentative, uncaring, bipolor, angry, that through McD's wrappers around the file room and would lose home loan files of customers. I saw this for 4.5 years at the West San Fernando Valley facility. Then I was laid off. I then worked at Washington Mutual for a couple months. They were professional and actually cared about your job! I would go with Wamu for a loan.

[Thinkingisallowed]

To Dave98503- You are right, I have an experience with a woman from CW and she was all you describe plus a liar and probably the most dishonest person I have ever known.

Doing business with CW was the stupidest thing I have ever done. It makes me sick everytime I write a check to CW to pay my mortgage. The experience has been so bad, I don't ever want to buy a house in the US again.

[dave98503]

I used to work at CW. They hired ghetto valley women that were fat, smoking all the time, lazy, uncaring, argumentative, bipolar, didn't like to work, lazy, and they would throw McD's wrappers in between the home loan files. I was laid off on February 1st. I then worked at Washington Mutual in it's main facility. They had workers that stayed for many years, were professional, and actually cared about doing a good job! Go with Wamu.

[DaPharaoh06]

Sadly... This guy'll probably not do a day in freakin' jail... Poor criminals go to jail - rich criminals pay a fine and get a slap on the wrist. Don't you know the rules?

[cooldude91801]

Another crook on wall street.

" Shares of Countrywide Financial Corp., the nation's largest mortgage lender, plunged Tuesday after the company denied rumors that it was planning to file for bankruptcy protection.

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The stock fell $2.17, or 28.4 percent, to $5.47 on Tuesday after sinking to a 52-week low of $5.05."

AP Press

[dink65]

Ultimately, this crook will do jail time and get stripped of the majority of his ill-gotten wealth! He's no better than Ken Lay, Jeff Skilling, Bernie Ebbers, Joe Nacchio, etc...

Notice how he said he couldn't sell below $28. Well, he's adjusted his plan and sold in size in October around $18. Funny how the stock is now trading where his options exercised.....

CFC Bankruptcy is close........

[dink65]

12-Oct-07 139,916 CFC Automatic Sale at $18.38 - $18.38 per share.

(Proceeds of about $2,572,000)

11-Oct-07 139,918 CFC Automatic Sale at $18.36 - $18.36 per share.

(Proceeds of about $2,569,000)

10-Oct-07 139,918 CFC Automatic Sale at $18.74 - $18.74 per share.

(Proceeds of about $2,622,000)

9-Oct-07 139,918 CFC Automatic Sale at $19.87 - $19.87 per share.

(Proceeds of about $2,780,000)

8-Oct-07 139,918 CFC Automatic Sale at $20.14 - $20.14 per share.

(Proceeds of about $2,818,000)

[plandr5]

Right like the dividend on 128 million couldn't have covered tuition and a meal plan.

[v1m]

"I have a lot of education to pay for." Sure, sure. He's got to take care of his family.