Disgraced (but very rich) former Countrywide CEO Angelo Mozilo says he "didn't do anything wrong" when his company wrote all those bad mortgages that brought down the global economy. And besides—"Mozilo gives a $5 bill to each homeless person he sees on New York's Fifth Avenue" when he visits.
Angelo Mozilo's Sucker-Free System for Getting Super Rich
The Way We Live Now: with our head held high. And our shoulders square. And our skin burnished with expensive tanning solutions. You can steal a hundred million and pay back less than seventy. That's how wealth is created!
Wall Street: Thursday Morning
• AIG's Ed Liddy now says the company will need three to five years to carry out its restructuring plan and repay taxpayer bailout money. [NYT]
• Hedge funds actually saw returns rise more than three percent in April. [DB]
• Walter Noel's Fairfield Greenwich hedge fund is no more. The disgraced firm is handing over…
Street Talk
Street Talk
Poor Smoky Obama Fires Veep Vetter
Today, Barack Obama fired the guy he hired to pick his Vice President. The guy, Jim Johnson, apparently got some cash from Countrywide's controversial "real estate loans for friends of our CEO" program. Countrywide destroyed the entire nation, so Johnson has been criticized. Also he picked Geraldine Ferraro for Veep…
America's Most Villainous CEO Finds The Little People 'Disgusting'
Angelo Mozilo is the CEO of disastrous mortgage lender Countrywide, and one of the most overpaid, reviled, and villainous business executives in America today. He's drawn huge salaries even as his company led to the way for the subprime mortgage collapse. So you might expect the guy to be surrounded at all times by…
