May 27th, 2008
CNBC Bonus Bucks Trivia: Realty Check: Who sparked Countrywide CEO Mozilo’s “disgusting” e-mail reply?
Realty Check: Who sparked Countrywide CEO Mozilo’s “disgusting” e-mail reply?
“Disgusting,” Angelo Mozilo wrote in his inadvertent reply to an e-mail from Daniel Bailey Jr. who had asked the company to modify terms of his adjustable-rate mortgage.
My personal opinion is that Bank of America (BAC) is crazy to be buying Countrywide. I don’t know enough about the companies to say for sure, but I remember what happened to Conseco after they bought mobile home lender Greentree, which was that era’s equivalent of a subprime lender.
