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Angelo Mozilo's Legacy

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April 29, 2008 – Comments (2)

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?

2 Comments – Post Your Own

#1) On April 30, 2008 at 10:30 AM, TMFDeej (99.43) wrote:

I think that they did tar and feather him, he was just able to wash some of it off.  Have you seen that guy's tan?  Yikes!

Deej

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#2) On April 30, 2008 at 10:33 AM, TMFBent (99.81) wrote:

they don't call him "Orangelo" for nothin.

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