« Home | Starbucks Recall Not the First Time! » | Stripper Wins Workman's Compensation » | John Edwards Affair » | Michele Linehan - A Stripper Commits Murder, One S... » | Chicken Pot Pies ... Oh My! » | Omega and Patek Phillipe Rig Watch Auctions » | Yang Huiyan is 26 and She's Got $16 Billion » | Melinda Englanda aka Teacher Gone Wild on MySpace » | Christina Aguilera Plays Mommy at Bel Bambini » | Marla Omstead - The 4 Year Old Picasso »

October 11, 2007

SEC Nails CEO of Countrywide Angelo Mozillo

posted by MR WAVETHEORY at 10/11/2007 04:36:00 PM
A while ago, I pointed out the suspicious timing of stock sales by CEO of Countrywide, Angelo Mozillo. Mozillo sold Countrywide stock literally a week before it announced that it would have a massive big bath on subprime writedowns! You will remember that Angelo was the CEO who sold $10 million of stock in Countrywide at $28 per share 2 weeks before the whole mortgage market started coming apart and CFC got cut in half to $15. He must be the most luckiest person ever to have that kind of timing. Oh... I forgot. He's CEO of Countrywide! If that wasn't insider trading, I don't know what is. This is the same guy who says regulators needed to do more about their industry. Well, Angelo, you got your wish!

Today, the SEC launched an investigation into the timing of the stock sales and I applaud them for finally going after this blatant insider trading. Seriously, what a dolt!? If you are going to do insider trading, at least be smart not to do it 2 weeks before you pre-announce! I have serious doubts about any CEO who isn't smart enough to recognize how obvious that is!

Here's the scoop...

Countrywide's shares have fallen nearly 56 percent since January, and the company may now be facing an investigation from the Securities and Exchange Commission into the timing of stock sales made by Chief Executive Angelo Mozilo.

North Carolina State Treasurer Richard Moore, in a letter to SEC Chairman Christopher Cox, claims that Mozilo "apparently manipulated his trading plans to cash in" as the subprime crisis was heating up.

Moore cited reports that Mozilo was unloading 4.9 million Countrywide shares worth more than $138 million between November 2006 and August 2007.

On Friday, Countrywide announced Mozilo plans to sell more shares under a prearranged trading plan that began Monday and ends Friday.

Angelo ... I recommend Countrywide take out a full page ad in the Journal about your self dealing and insider trading ways.

Previous Posts

5 Comments:

Blogger Abid's Adsense Treasure Website Package said...

===>> http://www.abid.in

Here's your chance to make $40,000 per month with
Adsense by being lazy.....


Wanna Find out How I, By Being a Lazy Ass Make $40,000/Month
(Yep, that's 40,000 USD) Every Month Like Clockwise From My Web.site.


===>> http://www.abid.in

The Website Is.

* Highly Optimized
* Content Rich
* Profit Pulling
* Fully Automated

Here's What You Get:

A Huge Money Making Website
Integrated with Adsense ads,
dynamic feeds and over a thousand content pages.


My Free Traffic Report
Methods I use to get a lot of traffic, almost instantly.

Free Email Tips
You will get some EXTRA tips on promoting your new website by email.

Setup and Hosting Help
Even though you get full easy to follow setup instructions.
If you still have trouble you can contact us
we will set up and host your website for you.


===>> http://www.abid.in

As an special offer, I am offering my complete Adsense Treasure System A fully automated website which makes you money while you sleep.

Finally a tool for you to make some serious money.

Get Your Copy Now... Click here

===>> http://www.abid.in

Ready Made Website



Instant YouTube Video Site Creator

Instant Video Sites

Money Making Video Script

Adsense Ready Video Script


Shah Rukh Khan

Bollywood

ShahRukhKhan



India's Online Shopping Mall

Online Shopping Mall

Buy Online


Link Directory
The Most Responsive FREE Safelist
Make Money Online
Master Resell Rights eBooks
Bollywood Sargam

5:24 AM  
Blogger instantvideosites.biz said...

Earn $1000 every day from YouTube Videos!

-->> YouTube Video Site Creator

EXPOSED - The Secrets Of Easy Money Making Video Sites!

Learn how to leverage on the power of
video to make yourself a solid profit today!


Click below to find out more:
>> http://www.instantvideosites.biz


-->> Money Making Video Site

-->> Mini Video Site

-->> Video Site Script

-->> Video Software

-->> Video Website

-->> Video Money

-->> Make Money Online

-->> Making Money online

-->> Make Money From Home

2:48 AM  
Blogger Microsoft Office 2007 said...

Microsoft Office 2010
Office 2010
Office 2007
Microsoft Office
Microsoft Office 2007
Office 2007 key
Office 2007 download
Office 2007 Professional
Windows 7
Microsoft outlook 2010

6:04 PM  
Blogger Windows 7 Key said...

Recently i find a website that sell,Windows 7 Activation Key it makes me think i'm so Office 2010 Activation Key lucky a person. Compared with the Office 2007 Activation Key other sites i had bought Keys before, Windows 7 Keygen this one may be more welcomed Office 2010 Keygen by people in my opinion. For the website Office 2007 Keygen looks brief and the products are good Windows 7 Generator and genuine. Furthermore, it is professional and you can feel the warm-heart Office 2010 Generator of the service there. They will Windows 7 Upgrade help you solve the Office 2007 Generator problems you have patiently both Office 2010 Upgrade before and after. The delivery of Office 2007 Upgrade the products is very fast and you needn't worry Windows 7 Product Key about it. The most important is that the price on the web is Office 2010 Product Key reasonable, and you will be always have discounts, it is most Windows 7 Key attractive for me. If you're interested in this website, Office 2010 Key you can go and have a look.

6:53 PM  
Blogger Gofavor said...

People quite often are puzzled and disgusted when it is hard to understand the reason for their actions fashion jewelry online during a particular situation. Understanding one's personality beyond the genetic makeup is a life-long process and crucial to exert control on the behavior in order to grow into healthier, successful being. It is evident that our personalities, strengths and weaknesses are identified with jewelry leather bracelets for women colors in every culture, religion, race and age that has been helpful to be prepared
fashion brooches to face life.

11:50 PM  

Post a Comment

Links to this post:

Create a Link

<< Home