Greed, greed, and more greed.
While YOU enjoy your FORECLOSURE, ladies and gentlemen:
"Countrywide Chief Is Said to Face S.E.C. Inquiry" by GRETCHEN MORGENSON
The Securities and Exchange Commission has opened an informal investigation into the stock sales of the chief executive of Countrywide Financial, a person briefed on the matter said last night, the latest problem to hit the struggling mortgage lender.
Countrywide’s chief executive, Angelo R. Mozilo, has come under criticism from shareholders who have questioned the timing of the sales, which allowed him to gain more than $132 million in the months before the price plummeted amid the deepening mortgage crisis.
Since 2004, Mr. Mozilo has sold shares through prearranged selling programs, known as 10b5-1 plans after an S.E.C. rule. But the pace of the sales, which have generated $300 million in gains for him since 2005, began to increase in October 2006 when he put a new program in place."
Actually works out for me.
When I'm homeless and freezing in the woods, I'll just think how happy Mr. Mozilo is that he made out big, and the rage will warm me.
So QUIT COMPLAINING, Amurkns!
Just WARM UP!
