Angelo Mozilo's Legacy
How can we not reward a guy whose empire boasts accomplishments like these?
Delinquency rates of conventional loans, prime home-equity loans and subprime loans all rose from the fourth quarter and prior year. Countrywide said 35.9% of subprime loans were delinquent as of March 31, up from 33.6% in the fourth quarter. The delinquency rate of conventional loans rose to 6.48% from 5.76%.
The only question I've got is: why isn't he tarred and feathered yet?