Posts Tagged ‘angelo mozilo’

Goldman Sachs on the Pacific – Inside Countrywide with Michael Winston… A Mandelman Matters Podcast

Written on 23 Feb, 2013 at 17:16

When Countrywide had aspirations to become "Goldman Sachs on the Pacific," they recruited Michael to help them get there. They may have appeared to understand when Michael spoke of the programs he would initiate, but soon it was quite... (Continue reading)

Is Bank of America Worth $200 Billion?

Written on 12 May, 2011 at 1:30

Bank of America bought Countrywide for $4 billion and change. That sounds funny to me now. You've got to admit it. The idea that someone would PAY money for Countywide has to make you giggle at least... (Continue reading)

Tagged with: angelo mozilo bailouts bank of america banking crisis banking lobby banks citibank countrywide double dip economic recovery economy FDIC FDIC Chair Sheila Bair Federal Reserve Chairman Ben Bernanke foreclosure crisis foreclosures Freddie Mac Goldman Sachs HAMP john thain jpmorgan chase ken lewis loan modifications Making Home Affordable Plan mandelman mandelman matters mark to market martin andelman merrill mynch mortgage servicers NACA one west bank recession REST Report TALF TARP Treasury Secretary Tim Geithner trial modifications wall street bankers wall street bonuses Wall Street CEO pay wells fargo bank

If at first you don’t succeed, CRIME, CRIME again.

Written on 27 Feb, 2011 at 10:32

I'm not going to attempt to write some scathing or potentially insightful commentary about Mr. Mozilo, I'm sure that's been done many times before, and frankly... he bores me to no end. But, at the same time I felt... (Continue reading)

KA-BOOM! INVESTORS FILE SUIT: Bank of America, Countrywide and named executives committed “MASSIVE” SECURITIES FRAUD related to Mortgage-backed Securities

Written on 25 Jan, 2011 at 10:24

So, if the investors that are supposed to own the loans that are supposed to be assigned to the trusts say the notes were never assigned to them, and therefore they say they don't have the right to foreclose... how... (Continue reading)