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Old 10-04-2007, 12:08 PM
 
67 posts, read 206,924 times
Reputation: 33

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Trouble ahead. A bankers perspective

I had to post this FYI on the bubble. Very well analyzed and distributed the blame equally among Wall Street, lenders, buyers, brokers, etc.
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Old 10-04-2007, 11:03 PM
 
Location: Los Angeles, Ca
2,883 posts, read 5,891,411 times
Reputation: 2762
Great article.
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Old 01-12-2008, 07:05 AM
 
Location: Las Flores, Orange County, CA
26,329 posts, read 93,761,592 times
Reputation: 17831
Default Don't forget to make your mortgage payment

"After driving his company to the brink of bankruptcy (or so the rumor mill had it last week), Mozilo now stands to make as much as $115 million in severance-related compensation if an acquisition of Countrywide by Bank of America goes through, which it almost certainly will.

Moderator cut: copyright
from LA Times Article:

For CEOs, failure can be lucrative (http://www.latimes.com/business/la-fi-lazarus13jan13,1,239169.column?coll=la-headlines-business - broken link)

Last edited by Marka; 01-14-2008 at 03:53 AM..
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Old 03-09-2009, 07:17 PM
 
Location: Las Flores, Orange County, CA
26,329 posts, read 93,761,592 times
Reputation: 17831
"Former Countrywide Financial Corp. CEO Angelo Mozilo and possibly other high-ranking former executives with the mortgage giant likely will face civil fraud charges from the Securities and Exchange Commission, according to attorneys familiar with the case."

from

SEC closing in on Mozilo, article says - Mortgage Insider - OCRegister.com
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Old 03-09-2009, 08:33 PM
 
34 posts, read 106,042 times
Reputation: 17
I can only hope Carey "Killer" Killenger former CEO of WAMU will face the same fate. Voted worst CEO of 2008.
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