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Old 04-20-2007, 03:01 PM
 
1 posts, read 3,587 times
Reputation: 11

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Countrywide has a large presence in LA, since their headquarters is there. Those anyone have any info about the company?

how do they treat their employees?
Is the company going under? (talks about Bank of America buying them)
ANY info?
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Old 04-20-2007, 08:31 PM
 
Location: Cincinnati
1,749 posts, read 8,337,388 times
Reputation: 784
The subprime crash may just do them in. It's hurt them greatly as it is. Watch and wait to see how this plays out.
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Old 04-20-2007, 08:36 PM
 
Location: In a room above Mr. Charrington's shop
2,916 posts, read 11,077,142 times
Reputation: 1765
Default Moving to the east coast

Quote:
Originally Posted by NeedInfo22 View Post
Countrywide has a large presence in LA, since their headquarters is there. Those anyone have any info about the company?

how do they treat their employees?
Is the company going under? (talks about Bank of America buying them)
ANY info?
I've heard that they're moving out of state. It's a big concern for Ventura County, too, as Countywide has offices in Simi Valley, Westlake Village, Camarillo and Ventura. The issue was covered in the local news not long ago.
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Old 04-20-2007, 10:34 PM
 
82 posts, read 522,105 times
Reputation: 43
Default "Countrywide up as Cramer says Merrill could buy it"

B/A looked at Countrywide but decided to drop interest in it.
http://finance.google.com/finance?q=countrywide
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Old 10-15-2010, 07:04 PM
 
Location: Las Flores, Orange County, CA
26,329 posts, read 93,748,294 times
Reputation: 17831
Your hero was just penalized about 11% of his net worth - if that. That's it.
No Jail.
No cell mate named "Big Daddy"
Not even a country club jail.

Mozilo settles with SEC for $67.5 million - Oct. 15, 2010


"The sting of the penalty, however, was dramatically reduced because Bank of America and insurance will foot much of the bill,"

from

Countrywide settlement: Angelo Mozilo makes deal to avoid trial - latimes.com

Last edited by Charles; 10-15-2010 at 07:30 PM..
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Old 10-16-2010, 12:28 AM
 
Location: Coachella Valley, California
15,639 posts, read 41,032,900 times
Reputation: 13472
Please OP, I beg of you ... if you have any shred of dignity or self respect DON'T DO IT!!!!!!!!!!!!!
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Old 10-16-2010, 07:40 AM
 
Location: Las Flores, Orange County, CA
26,329 posts, read 93,748,294 times
Reputation: 17831
Quote:
Originally Posted by Charles View Post
Your hero was just penalized about 11% of his net worth - if that. That's it.
No Jail.
No cell mate named "Big Daddy"
Not even a country club jail.

Mozilo settles with SEC for $67.5 million - Oct. 15, 2010


"The sting of the penalty, however, was dramatically reduced because Bank of America and insurance will foot much of the bill,"

from

Countrywide settlement: Angelo Mozilo makes deal to avoid trial - latimes.com
And just to add fuel to the fire:

KB Home Karatz: Ex-KB Home executive Bruce Karatz may avoid prison - latimes.com
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