So Countrywide made up a bunch of documents related to the bankruptcy case of a Pennsylvania homeowner in order to make an ill-gotten dollar for whatever it is Countrywide employees/shareholders spend their dollars on (afternoons at the dog tracks, mostly). Fabricated a bunch of dates, lied about some stuff pertaining to escrow requirements on a loan, etc, etc, etc. Unfortunately, someone cut some corners, failed to consult the company handbook on how to fuck people and yada yada yada, the courts got involved. A judge said he “can’t get over what [he’s been] told about these recreations,” intuited that “these letters are a smoking gun that something is not right in Denmark,” and now maybe the injured party will get some justice but probably not.
We like to think of ourselves as “with the little guy”-type people (Steve Schwarzman, 5’6”, Ron Blarney, 4’10”) but in this case we will make an exception: if you're too stupid to realize there's nothing about the face of Mystic Tan Man that doesn't say “I will screw you for a dime," you deserve to find yourself in foreclosure.
Lender Tells Judge It ‘Recreated’ Letters [NYT]
Posted by , Jan 08, 2008 12:21PM
"afternoons at the dog tracks"
hahaha
Posted by Stabone , Jan 08, 2008 12:49PM
why is that dude orange?
Posted by , Jan 08, 2008 12:52PM
As I posted back on October 11, 2007 when this picture surfaced from beneath some rock ..... I would much rather see a picture of Bess than "Honest Angelo".
You don't even need to be tan! Nude, sure! Tan, no.
Posted by , Jan 08, 2008 12:56PM
"afternoons at the dog tracks"
hahaha
i like this trend where everyone copies in their favorite line from bess's post that they think is funny
Posted by , Jan 08, 2008 12:57PM
me too: "you deserve find yourself in foreclosure."
Posted by WTF , Jan 08, 2008 1:02PM
Jeeezzzz.....I can't wait to hear that CNBC's very own Maria Bartiromo will be interviewing Angelo Mozilo to ask"Where do you think you screwed up going forward?".........
Posted by Dave Chappelle , Jan 08, 2008 1:08PM
Trading halted . . . bitches
Posted by Dave Chappelle , Jan 08, 2008 1:09PM
(You should let us edit our comments)
*COUNTRYWIDE TRADING HALTED ON NYSE AFTER 17% DECLINE TO $6.32
*DJ Countrywide: See No Basis To Rumor Of Rating Agency Action
*COUNTRYWIDE MAKES COMMENTS IN E-MAILED STATEMENT :CFC US
*DJ Countrywide: 'No Substance' To Bankruptcy Rumors >CFC
*COUNTRYWIDE DOESN'T KNOW OF PENDING RATINGS DOWNGRADE :CFC US
*COUNTRYWIDE SAYS `NO SUBSTANCE' TO BANKRUPTCY SPECULATION
Posted by , Jan 08, 2008 1:18PM
Love the post
Posted by mrpink , Jan 08, 2008 1:21PM
He looks like an irradiated raccoon.
Posted by anon4life , Jan 08, 2008 1:22PM
Angelo Mozillo and "The Thing" from The Fantastic Four: Separated At Birth?
Posted by 1-2 , Jan 08, 2008 1:30PM
Anyone else find it ironic that CFC is based in Callabassas (Los Angeles Valley) yet he still needs to fake-bake? I mean even britney isnt that stupid...wait, strike that.
Posted by Lee D , Jan 08, 2008 1:46PM
Aside from the obvious Oompa Loompa parallels, Mozillo looks like the kind of guy you'd see at a shopping mall selling Estate Planning or Fractional Ownership of vacation properties.
Posted by , Jan 08, 2008 2:01PM
You guys... I agree, he is pretty cheezy looking, but as I've said many times before (the first time a month or so ago when everyone was railing abou the cheezeball faux rappers at the Alex Brown Miami office, the second time during all the yuk yuk over the short hedgie with all the monitors and then in response to the venom over Steven Cohen's glasses from Pearl Vision), when deciding who to turn your money over to, you can go very wrong if you put too much importance on how the person looks. The industry is filled with square jawed boys who rowed for Yale. That are very good at loosing money.
Posted by , Jan 08, 2008 2:08PM
good at losing it to?
Posted by veruca salt , Jan 08, 2008 2:10PM
that pic....it's like harry belefonte bred with an umpa loompa.
Posted by , Jan 08, 2008 2:11PM
the Jews.
Posted by Johnny Bravo , Jan 08, 2008 2:17PM
That pic reminds me of the description of health care management in "Monkey Business" - the ridiculous suit with protruding lapels, always en route to the golf course...I guess that look applies to the real estate business as well.
Posted by JMAN , Jan 08, 2008 2:21PM
Unfrozen Caveman Mortgage Broker
Posted by The Dresser , Jan 08, 2008 2:25PM
Never....repeat: never.....never wear a blue shirt with white collar and cuffs. Think white belt and shoes.
Posted by , Jan 08, 2008 2:25PM
@2:08 (good question) @2:11 (partial credit, cause not all Jews are smart) Good, we're finally making some progress here. Find out who's good at prying it from them, based not on seductive looks but on whatever secret sauce recipe it takes.
Posted by Cpt. Obvious , Jan 08, 2008 2:31PM
Nice mixed metaphor, your honor.
Posted by To The Hilt , Jan 08, 2008 2:31PM
I once caddied for big 'Mo.
Great tipper.
Posted by , Jan 08, 2008 2:32PM
@2:25 But they sell them in J. Press and what could be more establishment. I think it depends on who's wearing. Its a Gordon Gekko look on the right person, mafiosi on the wrong. Question is can anyone get away with Gordon Gekko anymore. I think not. Looks too smarmy, even on a prepster. You thoughts Dresser?
Posted by JMAN , Jan 08, 2008 2:35PM
What do I have to do to put you in this mortgage today??
Guy is a used car salesman
Posted by , Jan 08, 2008 2:47PM
@2:32. Larry Kudlow pulls it off well.
Posted by Al Kida , Jan 08, 2008 3:09PM
@2:47. No, he doesn't. When I see Larry I think 'swarmy'.
Posted by , Jan 08, 2008 3:11PM
true. its not dead entirely but you basically gotta be a kudlow or mozillo type.
mafioso? really? i can't recall seeing any portrayed in a royal blue shirt with white collar/cuffs
Posted by NSD , Jan 08, 2008 3:58PM
@3:09 - when I see Larry I think of giant piles of coke
Posted by Rahodeb , Jan 08, 2008 4:03PM
I think John Mackey looks cute in white cuffs and collar...
Posted by , Jan 08, 2008 4:08PM
There used to be a mens store in the Trump Plaza condo at 63/Third and there still is one on 65/First that was/is filled with this look. I always wondered who bought it.
Posted by J$ , Jan 08, 2008 4:27PM
I live right around there, the one on 65/1st is called Take 6. They've got a big store, but I never see anyone go in... It's the type of place I'd shop at if I was a pimp.
Unfortunately, I'm just a student so it's Men's Warehouse for now.
Posted by , Jan 08, 2008 4:32PM
@4:27 wait for the Barney's Warehouse Sale. Similar prices, much better stuff. No dressing rooms, so wear gym shorts or boxers under your jeans, so you can try the stuff on in the aisles. Hint for you ladies: good place to check out guys legs, if you are so inclined.
Posted by J$ , Jan 08, 2008 4:37PM
Thanks, will be looking into this if I actually get some interviews.