Angelo Mozilo is a Real Insider Trading Putz
posted by MR WAVETHEORY at 9/19/2007 04:19:00 PM
This is what he said when the Fed cut rates by 50 basis points yesterday:
Mozilo said Tuesday's surprise half-point cut in the federal funds rate signals the Federal Reserve "has also realized the importance of home financing and the need to return liquidity to the [mortgage] market."
The current cycle "is the most severe in the contemporary history of our industry," so policymakers need to do more, he added.

Angelo, the regulators aren't at fault for the mortgage mess that you got yourself into! So stop blaming them. Wake up and face the facts! If the SEC needs a target for insider trading, they should start with you Angelo Mozilo.
Mozilo ... hmmmm.... Mozilo ..... Sounds like an evil villain. Don't let his gray hair trick you into thinking that he's an honest banker.
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