Wednesday, January 16, 2008

Countrywide's Questionable Practices

"More federal bankruptcy judges are calling into question the business practices of Countrywide Financial Corp. as Bank of America Corp. prepares to buy the ailing mortgage lender", WSJ, 14 January 2008.

Yves Smith has a nice 14 January 2008 post on this at Countrywide is a first class mess.


Anonymous said...

no to mention their former CEO looks like a type who's better suiting to running a 3 card Monte game for tourists in Times Square.

Independent Accountant said...

I carry no brief for Mozillo. If you want to follow his escapes, go to W.C. Varones blog. WCV has been very critical of Mozillo for months. It's tough not to be critical of Mozillo.