5.21.2007

Countrywide CEO: goin' to hell in a bucket

... but he's not enjoying the ride.

Orange midget Angelo Mozilo is not happy:
"The reason why people can't sell their houses is there are no buyers around," Mozilo said. "And there are no buyers around because they can't get the financing."

And he doesn't want tighter subprime lending standards. So he can keep pushing option-ARMs on poor saps who can't afford them. Lovely.

But just in case he doesn't get his way, he announced that he cashed out another $2.9 million in stock. Way to show some confidence, eh?

Look at this great National Post (Canada) picture:



Here's a picture taken by a shorter photographer:

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