Results tagged “Countrywide” from Dealbreaker
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Even Members Of The House Oversight And Government Reform Committee Are Entitled To The American Dream Of Home Ownership
Aug 07, 2009, 1:52pm
Posted by Equity Private
And so why should we find it even remotely alarming that Rep. Edolphus Towns (D-NY) would be a member of the VIP lending program at Countrywide? (If, in fact, he is). He seems to be: A powerful House Democrat who...
Makes Perfect Sense To Us
Mar 04, 2009, 12:52pm
Posted by Equity Private
Think hard for a minute. Who would you suspect most likely to profit from salvaging toxic mortgage sludge? How about the guys from Countrywide? Yeah, those guys. Countrywide's former President, Stanford L. Kurland (what is it with guys named Stanford?)...
That's A Pretty Thick Bill
Dec 01, 2008, 4:38pm
Posted by Equity Private
We've had a look at the latest lawsuit aiming to geld Countrywide. This latest backhand seeks an order compelling Countrywide to purchase at par every mortgage loan that went into a rather large group of securitization vehicles and modify some...
Maybe You Shouldn't Have Had That Last Piece Of Pie
Oct 08, 2008, 10:19am
Posted by Equity Private
I bet it was really awesome, the moment that you penned the letter of intent. You know, that big snotty Wall Street Firm, the one that had turned up its nose at you time and time again. A thousand unforgotten...
Weekend Update: Want A Breath Mint?
Oct 04, 2008, 8:10pm
Posted by Equity Private
There are a lot of wonderfully tasty jabs in the New York Times' piece on Fannie, this one on the interaction between Countrywide and Fannie is my favorite: "You're becoming irrelevant," Mr. Mozilo told Mr. Mudd, according to two people...
Countrywide Employees Reaping 'Benefits' Of Takeover Already
Jul 07, 2008, 11:07am
Posted by Bess Levin
Countrywide CEO Angelo Mozilo promised at the last CFC shareholder meeting that Bank of America "will reap the benefits of what we have sowed," if finding out what it feels like to be ass-raped for an eternity is considered a...
Layoffs Watch '08: BoA
Jun 26, 2008, 4:39pm
Posted by Bess Levin
Bank of America announced this afternoon that three percent of its employees will indeed "reap the benefits of what [Countrywide] has sowed." About 7,500 jobs will be eliminated over the next two years, beginning in the third quarter. Bank of...
Angelo Mozilo More Or Less Suggests Bank Of America Stock Up On Lube
Jun 26, 2008, 1:03pm
Posted by Bess Levin
Countrywide CEO Angelo Mozilo nearly started crying at the last CFC shareholder meeting. The salty discharge was overshadowed, comedy-wise, however, by the Moz's promise-- and he actually said this-- that Bank of America "will reap the benefits of what we...
Our Obsession With Ownership
Notes From The Ruins Of The Ownership Society
Jun 23, 2008, 3:46pm
Posted by John Carney
Homeownership is overrated and the government went too far in pushing it on the American people, Paul Krugman writes in today's New York Times. He suggests it's time for America to "drop the obsession with ownership." We couldn't agree more....
Did Bank of America Write The Bailout Bill?
Jun 23, 2008, 2:08pm
Posted by John Carney
It turns out that the housing bailout bill really is "exactly what Bank of America and Countrywide wanted." A memorandum dated March 11, 2008 has surfaced, and it seems to support the idea that BofA essentially wrote the bailout section...
Chris Dodd: The Senator From Bank of America
Jun 19, 2008, 3:34pm
Posted by John Carney
Chris Dodd, the US senator who introduced the mortgage bailout bill this week, has received approximately $70,000 in campaign contributions from Bank of America in the last year-and-a-half, Tim Carney reports in the Washington Examiner.* The mortgage bill would allow...
Senator Sponsoring Mortgage Bailout Bill Doesn't Know Interest Rates
Jun 18, 2008, 4:58pm
Posted by John Carney
Chris Dodd, the Democratic chairman of the Senate banking committee, admitted yesterday that he received a home loan as part of the program for friends and family of Countrywide chief executive Angelo Mozilo. Dodd, who has sponsored a mortgage bailout...
Angelo Mozilo Ups Used Car Salesman Ante At Countrywide
Jun 13, 2008, 2:18pm
Posted by Bess Levin
Connecticut Senator Christopher Dodd, North Dakota Senator Kent Conrad, former Secretary of Housing and Urban Development Alphonso Jackson, former Secretary of Health and Human Services Donna Shalala, and former U.N. ambassador and assistant Secretary of State Richard Holbrooke were part...
New Details Emerge From Ed McMahon Foreclosure File
Jun 06, 2008, 12:50pm
Posted by Bess Levin
He might be out on the street 'cause he was hammered for forty some-odd years. Even though Angelo Mozilo's religious devotion to "Star Search" might still save the old guy, EMcM's manager, Johnny Podell is covering his bases, telling Page...
Will His Orangeness Spare Ed McMahon?
Jun 04, 2008, 12:20pm
Posted by Bess Levin
Time to add another notch to Angelo Mozilo's body count belt. Nothing official yet, but considering his track record with epidermis, Bear Stearns, bees and a chihuahua, this one's pretty much in the bag. Today's kill is Ed McMahon, who's...
Reached At His Tanning Bed, Angelo Mozilo Said He Just Wanted To Know "How That Broad Got Her Hands On My Mission Statement?"
May 15, 2008, 1:12pm
Posted by Bess Levin
Rejecting the arguments of Countrywide executives and directors that they were unaware of lax loan operations that led to ballooning defaults, Judge Mariana R. Pfaelzer of Federal District Court in Los Angeles ruled Tuesday that she found confidential witness accounts...
“Lunch And Learn” About How Melanoma Is Merely A State Of Mind
Apr 28, 2008, 12:35pm
Posted by Bess Levin
This Is An Outrage
Apr 25, 2008, 11:00am
Posted by Bess Levin
And no, I’m not talking about the acquittal of Sean Bell’s killers. We all know the only thing cops can’t get away with in this city is sodomizing suspects after they’ve been arrested. That’s a no-no (prior to the arrest:...
"I'm Dead Serious. From Now On, Government Issued Photo ID Required For All Applicants (Mexican Consulate Documents NOW ACCEPTED!)"
Posted in Bank of America, Apr 24, 2008, 10:43am
Posted by Bess Levin
Yesterday, Lewis spent time at the annual meeting defending the Countrywide acquisition, and telling investors that both companies would be much more prudent with underwriting future mortgages. BofA, So Good [NYP]...
Moron Poker Challenge
Apr 18, 2008, 10:30am
Posted by Equity Private
Over on D-Squared Digest, Daniel Davies challenges all comers to a round of "moron poker," wherein the participants "on-up" each other with links to the bottom stories of the day- the more daft, the better. We think it should be...
