T-minus ? until Countrywide goes under.. . .

NEW -> Contingent Buyer Assistance Program
Mozillos tan has officially become radio active....too funny how people are stumbling away from him at the mear mention of his name. He has become the Charles Keating of this collapse....LOL

http://online.wsj.com/article/SB121332396326070639.html?mod=googlenews_wsj

WASHINGTON -- Sen. Christopher Dodd, a top figure in Democrats' response to the housing crisis, defended through a spokesman two mortgages he reportedly received under a special Countrywide Financial Corp. program that awarded preferential interest rates to people referred to as "friends" of the company's chairman and chief executive, Angelo Mozilo.
 
More on the scandal...

Senator Says Loan Favoritism Is Possible

"Senator Kent Conrad, Democrat of North Dakota, said Saturday that he would donate $10,500 to charity and refinance a property loan after suggestions that he and other prominent Washington figures received preferential treatment from Countrywide Financial Corporation.

Though Mr. Conrad, chairman of the Budget Committee, said he was not aware of any favoritism shown by the lender that has come under scrutiny in the mortgage crisis, he said a review of e-mail traffic suggested that the loan fee for a beach house may have been reduced because of his status, while a second loan called for an exception by the company.

“Although I did not ask for or know that I was receiving a discount, and even though I was offered a competitive loan from another lender, I do not want to have received preferential treatment,” said Mr. Conrad, who said he was giving $10,500 to Habitat for Humanity. The amount was equivalent to estimates of what Mr. Conrad saved through a reduction of one point on a $1.07 million mortgage..."
 
DOWNEY FINANCIAL CP(NYSE: DSL)

NEW Real-time: 3.63 0.44(10.81%) 2:16pm EThelp

Last Trade: 3.68

Trade Time: 2:03PM ET

Change: 0.39 (9.58%)

Prev Close: 4.07

Open: 4.10

Bid: N/A

Ask: N/A

1y Target Est: 33.00

Day's Range: 3.61 - 4.21

52wk Range:
 
Lewis must be really happy with this aquisition...what a shrewd and well timed move. How does he do it?

20,255 Homes Offered For Sale on Countrywide Financial's Website

Total REO Asking Price: $3,270,467,911

(As of January 15, 2009)

Attached files
 
blame_25_mozillo.jpg


Cant wait to see him hooked up on the way to being sentanced.
 
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