dog and pony show for sure!

Corporate rhetoric anyone?

Someone throw this idiot out of a window from a very high place!

Dear Angelo Mozilo,

There is a reason that your company is near bankruptcy and had to be bailed out by BOA and the government just to keep from completely destroying the mortgage market. And you have a lot of nerve to be bragging about how you obeyed the law by "ma(king) the dream of home ownership available to everyone regardless of ethnicity". I'm supposed to congratulate you because you didn't discriminate against minorities?
Maybe Senator Dodd will just so happen to be "standing next to the sheriff" when you call to see about getting bailed out of jail for allowing such fraudulent and unscrupulous practices to occur under your leadership.

Sincerely,

Someone who was lucky enough to avoid your company

He looks as if a leather bag has taken human-form.

Holy moly fake tanning.

Countrywide, Greenspan, Bank of America, GMAC, and pretty much the entire financial institution have been involved in a high stakes circle jerk with Americas money for over a decade with poor practices and quasi legal lending. I say throw the hole lot of them in prison and stop bailing them out with more of our money.

Don't worry, Angelo. You're in no danger of defeating BoA in the worst contest this year.

Clearly just auditioning for his next job...

As a stand-up comedian.

We've made the dream of home ownership available to everyone regardless of ethnicity

, in part because we are required to do so through fair lending and community reinvestment act mandates. Otherwise, those *****s, ****s, and ******s would still be in apartments with their...oh, is the mic still on?

You all can have your jokes, but I personally think the guy did a great job on Firefox 3.

I can't grasp who would befriend someone that looks like him. Tanning is NOT appropriate. Also, cows would appreciate if you stopped buying leather for your face.

You have got to be kidding me...

Usually this is where I come in and completely disagree with everyone. But not today. Countrywide is the reason the dollar is down, the reason gas is up, and is the reason I hear the word "recession" 20x a minute.

Currently two states are trying to sue them, and I hope they are extremely successful.

He must have been misquoted in the article

"We've made a ton of money off of the dream of home ownership that we suckered millions of gullible people into and made loans available to everyone regardless of their ability to afford these homes."

@awolcfh5150: There is a word for that: defenestration.

Wow what amazing number, you helped 143,000 out of 22 million bad loan recipients, that's an astonishing 0.65% of serviced loans you did something about...that's a failing grade in my book.

@mgy: That was good.

This guy isn't.

The bit about ethnicity might be an allusion to the threats of prosecution and shakedowns from various interest groups about the disproportionate impact that a traditional banking policy of denying loans/mortgages to people with bad credit.

Because minorities often have disproportionately worse credit, the inability for minorities, as a group, to be able to get loans is seen as racial discrimination by the banks (when in reality, they're just checking credit on a non-racial basis).

The threats have forced banks to adjust their standards to allow more people to qualify for loans that they would not ordinarily qualify for to placate the government and interest groups.

@Jonbo298: Who said he has any friends, apart from maybe his tanning salon attendant.

He must be a heavy smoker

Oompa, Loompa, Doompa de doo,
I've got another lesson for you,
Oompa, Loompa, Doompa de dee,
If you are wise you'll listen to me.

What do you get when you give risky loans?
Millions of people forced out of their homes.
Why are you in your tanning bed so long?
Don't you think you've done something wrong?
Fiasco is your middle name.

...And Enron supplied many, MANY homes (some inhabited by people of color!) with energy. Oh. Wait.

he really needs to quit with the lip injections and mystic tanning

Is this a picture from the set of the next Texas Chainsaw Massacre? Leatherface returns!!!

If nothing else, at least he believes that regardless of the color of your skin, you are just as likely to be lured by the siren song of too-good-to-be-true loan approvals, and just as worthy of being swindled. Always look on the bright side of life, Angelo.

"I'm very proud of our accomplishments," Mozilo said. "We've made the dream of multi-million dollar home ownership available to me regardless of skin color. We've helped put millions of dollars in my pocket. Good times."

unfortunately the ganguro look doesn't work quite as well for old white people.

well... i find this funny since i just talked to a buddy of mine that is a financial analyst. It seem to me that common sense is brainwashed out in business school, or in his case the MBA. I understand the schooling helps, but the common sense business is out the window. And this CEO is just brainwashed as well. The systems they have implemented and learned in school work fine, but they always seem to forget the most important thing, the human factor.

We have an overtanned guy like that in Milwaukee. His name is - no kidding - Dick Bacon.

@MayorBee

Even as sad as the topic is that made me truly laugh out loud!

Fraud always makes a positive impact.

On the wallet of the perpetrator.

This man is the devil.

You guys, he's just practicing for his next job...Iraqi Information Minister.
[upload.wikimedia.org]

@Bladefist: 20 times is all. I tried explaining the definition of a recession of two consecutive quarters of downward growth (when we've had not one consecutive even) they just throw up some sort of stuff about gas.

By the way, that is one man in need of a dermatologist ... or a prison cell.

I wonder is even he believes the load of $hit spewing from his mouth.

I'll give him this much...he MUST have balls as big as church bells (apologies to Dabney Coleman)

That guy represents everything that is wrong with corporate america.

@crabbyman6: That is not fake. That is years of real tanning turning human skin into leather. It's worse than fake tanning.

@battra92: It's just a form of doom & gloom.

We have had more economic growth lately, no thanks to Counrtywide.

"We've made the dream of home ownership available to everyone regardless of ethnicity. We've helped millions of people in good times and bad."

It's been said already, but I wish to reiterate. He should be proud that he made the dream of home ownership available to everyone regardless of whether they can afford the house they are buying, or whether they have any business owning a house in the first place. Congrats.

Keep on trucking Angelo... pretty soon, you will look like this (click link, I can't figure out how to embed image in the comment.

[images2.wikia.nocookie.net]

@MayorBee:
Brilliant MayorBee!

Remember when the CEO of MCI Worldcom went on TV to declare that his company was on the up and up... at the same time the company was being raided by the SEC for fraudulent docs?

in all fairness, you can't compare the 143,000 to the 22,000,000

the majority of those 22,000,000 were people who took out a loan they could afford.

the only number to compare it to is how many people were facing foreclosure out of those 22,000,000, a number which is not given.

@battra92: textbook definition of a recession is 2 consecutive quarters of negative growth. real world definition is "everything cost more and I make the same or less".

@Norcross: That's called inflation my friend.

I had a hard time reading this post because his face is train-wreck scary. I have a hard time looking away because it so fascinatingly grotesque. Too mean?

What a creepy ghoul.

@nedzeppelin:

here here! I totally agree. People simply living beyond their means to keep up with the Jones.