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even his own workers are suing him. should be a nice christmas party. Countrywide workers sue over retirement benefits By Associated Press | September 13, 2007 LOS ANGELES - A lawsuit filed against Countrywide Financial Corp. on behalf of its employees claims the mortgage lender...

i think you will find he lied about the true state of the company. as little as six weeks ago he said everything was fine as he bailed out of 200,000 shares. obviously not.

he should buy some as a hedge against going to prison.

sell the front contracts on eurodollar interest rate futures. sep 07 dec 07 etc. or better still but puts on dec 07 mar 08. they will sell the shit out of them if no rate cut or just a discount rate cut. the curve white to reds will flatten and reds to greens as well.

i agree. senior executives , owners etc are very common sellers of their own stock so nobody cares as most are awarded through options. but when insiders purchase their own stock people think that says a lot about the future of the company and faith etc. as i said the fact he has over...

i am more than willing to purchase this stock when anybody can confirm that mozilo or any other directors have purchased the stock themselves. according to the latest filings the last sale was by mozilo on the 13th august 2007 and no other transactions have taken place. this is half the...

oh what a shame. nobody likes to see the likes of goldman losing. just proves one thing. no matter how big your company. how clever you think you are. how well connected your company is to the senior figures of the market. the fact that you can out spend most organisations on...

More of the same. My obsession with this joke of a stock continues. Normally i would cover on this sort of news. But im actually thinking of selling some more. Ill await the price action for this week. Anyway here is the story. CALABASAS - Two of Countrywide Financial Corp.'s...

I predict any day now this company will be bankrupt. Im short the stock. I think the end is nigh. Mozilo and his cronies will be serving time in federal prisons. Its business model is not workable given market conditions and requires funding way beyond its means and needs. Its...

im sure this is a mistake. an honest law abiding prestigous institution like merrill. i wont have it. they dont do things like that. trust me im a banker.:D :D

quite an ironic statement seeing as: (1) he provided all the cheap money for everyone to leverage their arses up on (2) he did not want to regulate hedge funds or was against regulating the 'free market' that has so blatantly abused the system badly. well done al. clap clap. NEW...

just out of interest. what would be your scenario if this plane crashed for financial markets. what do you think would happen in terms of indivual markets and products. WASHINGTON - A B-52 bomber was mistakenly armed with six nuclear warheads and flown for more than three hours...

The Federal Reserve could cut short-term interest rates in the weeks ahead, but right now one key rate is going in exactly the opposite direction, something that could have a big impact on markets and the economy. That rate is the London interbank offered rate, or Libor. It is an important...

if the federal response on this is as good as their track record then this lame repsonse will last just over the weekend. cheese. just pure cheese.

of course its a great movie and a great speech. but unfortunately greed has not done very well for the mortgage market as a whole. as it is now on its knees and begging for mercy. from the outlaw josey wales ' dont piss down my back and try and tell me its raining'.

S and P just trying to cover their arses and gain some respectability. any day now the lawsuits will start rolling in after the worst rating grades on debt , bonds and paper ever issued. short the rating agencies. they will get it in the neck for the mess they have helped cause big time.

was there a source story in print for this or was it just cnbc?

strange also that mozilo has not executed any of his share options that he normally sells every two of three days. in fact he has sold no stock under $28. orders from boa probably. anyway here is the story. Bank of America Corp.'s $2 billion investment in Countrywide Financial Corp...

blue anything sounds good

sorry couldnt resist it.