Countrywide CEO discusses Credit Crunch and Bank of America Investment

[GMHGTO]

"things were being said about countrywide, that were just not true" , sounds like another Enron.

[ginaswo]

being charged right now by SEC with fraud and insider trading

karma, now chris VIP LOAN dodd is next

[Thycid]

this cocksucker needs to be behind bars...right now

[labartic]

Its amazing how he can sit there and lie through his teeth on national television.

[labartic]

That chick is hot.  Oh wait the dollar is gonna collapse...SHIT

[TYX91101]

This is LAST SUMMER! Another years worth of erosion has taken place. It seems like the damn thing won't cave in until every last dollar has been sucked out of the citizens of this country. THEN it will implode.

Welcome to the Black Hole...

[ninanwk69]

CAN YOU SPELL S-C-A-M? Can I get an Amen?

[jahsper01]

AMEN and im scottish!

[ninanwk69]

Hello Scotland! The worst ain't over. I may ask for another one of those.

[sallyann22]

As the dollar sheds value and loses its privileged position as reserve currency, US living standards will take a serious knock.

If the US government cannot balance its budget by cutting its spending or by raising taxes, the day when it can no longer borrow will see the government paying its bills by printing money like a third world banana republic.

Vote Ron Paul

[honestinfo]

Dave...thanks for your honest insite of CW

They have ruined many lives with their lies and continue to do so today. The lasted scam is that CW has suspended some 60,000 HELOC accounts claiming they mistakenly processed payments as "late" and they aren't doing anything to correct it. CW is corrupt to say the least. The consumers need to know the truth. Mozilo, just another liar.

Refinance ASAP with anyone but CW or BofA.

[dave98503]

Thank you. Hopefully

BofA has bought out

Countrywide I heard. They need

a major overhaul there.

[dave98503]

Also, I was working in the CW file room for 4.5 years. They had no respect or caring for their job. I am only saying 1% of what I witnessed. Some had committed crimes also. These were just the women I'm talking about. They gave me free CFC stock because I worked there, even though I didn't want it. During the housing boom, the stock never went above 40 bucks, while any good technology stock went up 7 times in during the housing boom.

[dave98503]

I used to work at CW in the west SF Valley. They hired women that were ghetto, uneducated chain smokers to handle the file rooms. They were lazy, argumentative, bipolar, and complete nutcases. They would throw McD's wrappers in the customer files and they would also lose customer file home loans. They just did not care about their jobs, just themselves only.

[cooldude91801]

This guy looks scary.

[holla221]

Yea sure, sell,sell,sell!! Then in 2 years the stock will jump back up to thirty dollars a share. If I were you I would buy, buy, buy and wait! Have some patience, don't worry about these news analyst saying bad things. These banks will rebound. I am not a countrywide shareholder; However, I do own some E*Trade shares. :)

[hucklberrydoc]

good call douche

[jbryant13]

If BS were breeze - this guy would be Hurricane Katrina. Today's headline "Countrywide loses 1.2 BILLION for 3rd qtr." and Bank of America has shutdown their mortgage business and laid off 3000

See implode-o-meter dot com

[retreads]

Sell all your share, just like Mozilo is almost finish selling all of his shares.

sell, sell, sell. before it goes into BK.

[7bb7b]

The best way to move on is to respect the wishes of the letter from the pension-fund advisory group urging the resignation of A. Mozilo. It's time Sir, to step down.

[tjlawson20]

I've seen on many occasions people at places like Best Buy putting plasma tvs and high dollar stereos on their credit card. So much of this credit thing comes down to personal accountability

[DangerousCombination]

Bank Runs will be more common, take your money out now, while you still can. This global credit crisis will hit every Bank. Government guarantees on banks could take 6 months to 2 years to retrieve your money. Australian banks don't guarantee deposits, only that depositors will have first claim to bank assets. Most countries have limits on guarantees, USA it's 100K per PERSON (even if you have multiple accounts across different banks).

[TYX91101]

Great! CFC is imploding and the BofA comes to the rescue! BofA is on the ropes itself - the Federal Reserve actually bent their rules to allow them to stuff more cash into it's brokerage business, which was submerging in junk bond and subprime mortgage paper. If your money is in a BofA branch you had better move fast.

[designerguys]

Countrywide will be laying off more than 12,000 employees since this video was posted. This is how Bank of America invests in our future. Scary stuff.

[kevo4sho]

MOZILO for PRESIDENT!!!!! OF THE UNITED STATES!!

[WOGI5M]

The chick is HOT :PPPPP