House reposessed? Your lender's CEO made millions


	House reposessed? Your lender's CEO made millions

masbury

4-25-2008 3:05 PM

323 views

tags:

finance, housing, economy, politics

masbury says:

How many payments could you make with $131M? How much loss did this fellow's choices bring to the nation's economy? How come he profits while millions lose their homes?

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/b7c26f9e-d506-4644-8c1d-232a04e455cc/D1F36A2F-47B9-4BE4-B529-7D0E252B2CA4/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://rawstory.com/news/2008/Countrywides_CEO_takes_home_millions_0425.html" href="http://rawstory.com/news/2008/Countrywides_CEO_takes_home_millions_0425.html" style="font-size: 11px;">rawstory.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://rawstory.com/news/2008/Countrywides_CEO_takes_home_millions_0425.html">Countrywide's CEO takes home millions</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://rawstory.com/news/2008/Countrywides_CEO_takes_home_millions_0425.html">A securities filing shows Countrywide Financial Corp. CEO Angelo Mozilo earned about $10.8 million in total compensation and cashed out $121.5 million in stock options last year.</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://rawstory.com/news/2008/Countrywides_CEO_takes_home_millions_0425.html"><P>The Calabasas, Calif.-based company reported a yearly loss of $704 million in 2007 amid the nationwide mortgage market meltdown.</P></blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/D1F36A2F-47B9-4BE4-B529-7D0E252B2CA4/blog/" title="blog or email this clip"><img src="http://content7.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

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