I’m Asking You For Another Favor

mozilo.jpgWe’re not crazy- we understood full well the tough times that mortgage lender Countrywide has lately fallen on would mean a battening down and tightening of the company belt. We just assumed the streamlining would be contained to firing a ton of employees and screwing a few more people on their home loans, and not impinge on the really important stuff, like flying Ang. Moz.’s leathery goodness around the world in style.
So we were extremely disappointed to hear that the company put its Gulfstream IV on the market, for $21.5 million, which really isn’t that much money when you factor in how sad the sale will make the old crocodile, who’s had some great times in that thing. Making spur of the moment visits to Fresno for the ego boosts derived from thinking about how many people he and his associates fucked in town. Entertaining tanning bed distributers at the cabin bar during the flight to Dubuque, Iowa for their missionary work (if ever there was a population comprised solely of pasty individuals in need of a little “face paint,” as Moz likes to call it, it was in Dubque). Throwing $500,000 in small bills out the window over a cattle ranch in Montana, and making 100 Countrywide staffers pick up and return every last dollar. Shit like that.
And now he’s being involuntarily stripped of these memories, like the chemical peel he so desperately needs but refuses to get. Anyway. I’m not sure there’s anything any of us can do about it, but I just felt you should know. If I’m wrong, and you do have the scratch, there’s contact information for some Countrywide guy named Patrick Johnson who I guess is handling the sale. Give him a buzz in the office at (818) 778-1770, or try him on his cell at (203) 890-2000. This is important.
1990 GULFSTREAM IV [Controller]
* Yeah I know he “said” he wouldn’t use the company plane but we’re talking about Angelo Mozillo here and need to take everything that comes out of his mouth with a giant grain of If I’d screw you for a nickle, you don’t even want to know what I’d do to you for a free ride on the corporate jetTM salt.

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Comments (24)

  1. Posted by Anonymous | February 8, 2008 at 11:54 AM

    Mozilo voluntarily gave up his access to the corporate jet in conjunction with forgoing the $38 million severance package.
    Dude can afford his own jet anyway.

  2. Posted by Stranded | February 8, 2008 at 12:07 PM

    I’ve been to d-town. Not pretty.

  3. Posted by Living the Dream | February 8, 2008 at 12:08 PM

    Maybe Thad can use some of his cash and put a down payment so he doesn’t have to fly first class from next year’s Super Bowl.

  4. Posted by Anonymous | February 8, 2008 at 12:17 PM

    “Throwing $500,000 in small bills out the window over a cattle ranch in Montana, and making 100 Countrywide staffers pick up and return every last dollar. Shit like that.” Comedy perfection

  5. Posted by Anonymous | February 8, 2008 at 12:21 PM

    Maybe Todd T can get this on the cheap….looks in good enough condition to not bruise Maria’s knees?

  6. Posted by s75 | February 8, 2008 at 12:27 PM

    It has been a long time since there was a good planespotting post up here. How did this topic ever fall off the radar?

  7. Posted by anon | February 8, 2008 at 12:34 PM

    i met him once during a road show, he has the softest hands ever… like leathery butter, mmm

  8. Posted by Hand job! | February 8, 2008 at 12:54 PM

    @12:34 I don’t want to even think of where those hands have been. Gross. I see a lot of guys don’t even wash their hands. And what if he ‘cleaned his pole’ earlier in the day. That’s not butter!

  9. Posted by Walter Payton | February 8, 2008 at 1:02 PM

    But Mozillo is playing Pebble Beach today and we’re not.

  10. Posted by Tan Man | February 8, 2008 at 1:16 PM

    Awesome. You can even see the Countrywide logo on a monitor in the second picture.

  11. Posted by 11:54 | February 8, 2008 at 1:27 PM

    touche. all i have left to retort is there is only one ‘L’ in ‘Mozilo’ and i suppose even that may be a lie.

  12. Posted by Anal_yst | February 8, 2008 at 1:30 PM

    $21million is WAY too much $$ for a 1990 G IV, hell $21mil could buy you a virtually brand-spankin new $150+ ft yacht (just ask John Devaney)

  13. Posted by anon | February 8, 2008 at 1:31 PM

    @ HJ 12:54 – it would have been better if he cleaned his pole with butter on the gulfstream – there’s a mental image to carry you through the weekend.

  14. Posted by anon anon anon | February 8, 2008 at 1:59 PM

    I will remember Moz’s “Protect the House” pr compaign fondly.
    I think McCain and Obama are where they are because people have finally found a way to shout out loud, “We can’t take the bullshit anymore and we are mad as hell.”

  15. Posted by BSD | February 8, 2008 at 2:30 PM

    Anal_yst,
    Not a steal by any means, but considering it has a very decent number of hours or “mileage”, not a rip-off either. Cabin definitely need an update though. Comparing yachts to planes is like saying you can get 10 new Murcielagos for the same price. Props for sticking it to Devaney though.

  16. Posted by series7.5 | February 8, 2008 at 2:32 PM

    People forget that angelo mozilo was one of the only few bank executive who stood up to say Yes we need the GSEs, even though they are competitors, when everyone else arguing you can get rid of Fannie and Freddie because banks and hedge funds are all the liquidity providers the mortgage market needs.
    What do we have now? A conforming mortgage market that functions smoothly almost exclusively because of GSE imprimatur and a non-conforming/jumbo market that is a joke at best and a real threat to the global economy at worst.
    Okay I’m done.

  17. Posted by Anal_yst | February 8, 2008 at 3:22 PM

    @ BSD
    The fact that we both apparently know enought about the yacht & plane secondary markets raises a few interesting questions, among them, why the hell we’re in finance when we could be hanging out in Ft Lauderdale (Monaco, etc) selling yachts and schmoozing with beautiful people on beautiful machines…

  18. Posted by BSD | February 8, 2008 at 3:31 PM

    Anal_yst: Maybe it’s just me, but I’d rather be buying the plane than selling it (even if so far the best I can do is a Marquis card).

  19. Posted by Anal_yst | February 8, 2008 at 4:20 PM

    No doubt my friend, but taking what a 2% rip on selling a $100m worth of sales a year wouldn’t be too bad, if you were a thug of a salesman, and its a helluva lot better than sitting behind a desk (and you’d have a tan to rival Moz himself to boot!) I’ve seriously been told by numerous people I should just go into yacht sales, and no doubt, on those days where you want to throw your monitor/the kid next to you out the window, really considered it ha

  20. Posted by Don't know | February 8, 2008 at 4:23 PM

    @ Hey anonymous…………………………..did you say Bartiromo has flown in this corporate jet? What did you hear? Tell us all.

  21. Posted by anonymous | February 8, 2008 at 4:47 PM

    Not sure if Maria has gotten carpet burns on that one (but wouldn’t surprise me is she rubbed her Manolos up against the Lizard)…after doing Todd-t on the Citi G-V, she might no longer be putting out on anything under a BBJ or G-V..
    What a ho! But I’m sure her butt (personal solar eclipse)hurts when she’s on top

  22. Posted by Amigo | February 8, 2008 at 4:51 PM

    Gracias Senor Anonymous…..I love that stuff. Mas?

  23. Posted by anonymous | February 8, 2008 at 4:58 PM

    Long ago before Maria married lucky sperm, she dated a friend of mine. He said she was a very sloppy one who was best enjoyed from the neck up and best viewed from widows peak down. Me think she is absolutely biggest biz-journo ho ever.
    I look forward to the day she sits down to be interviewed by Tera Patrick or Jenna Jameson, then she’ll feel right at home!

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