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Reach Him At: 212-479-7990

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The FBI is investigating fraud, shares are down six percent, and two bulbs are burnt out in the fourth floor tanning bed but this story warms our hearts and assures us that things are just as they should be at premier mortgage lender Countrywide:

Mr. Mozilo said he had left a card in each Congressional office with a help line for constituents having problems with their loans. He added that if the number didn’t work, “call me — I take this very seriously.”

Congress Questions Executives On Pay [NYT]

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Angelo Mozilo: Countrywide Was The Cadillac Of Mortgage Lenders

In June 2008, Countrywide founder and CEO Angelo Mozilo stood before a group of CFC shareholders and, through salty tears, told them that Bank of America would "reap the benefits of what we have sowed." He wasn't kidding, and in the 4+ years since Ken Lewis paid $4 billion for the place, BofA has had the pleasure of ponying up an additional $40 billion (and counting) in write-downs and legal fees associated with cleaning up Countrywide's messes, while CEO Brian Moynihan has publicly described the acquisition as an albatross around his neck. Additionally, Ang Moz forked over $67.5 million in 2010 to "resolve SEC claims that he misled investors," and separately, there has been talk by some that Countrywide contributed in no small way to the worst financial crisis since the Great Depression. In light of all that, does Ang Moz, have any regrets about the way his company was run? Not a fucking one and if he had to do it all over? He wouldn't change a thing.