[Hydroshock]

For his company at least he maybe right.

[Suzy Quzy]

He seems a little Shysterish to me.

[DainBramage]

I saw him interviewed this morning and he said the opposite. "Though in 50 years Ive never seen housing go down without a recession...so far its defies the odds(paraphrase."

He said he was surprised that new housing was up and people werent less optomistic. In fact he said he had several large companies wanting to invest with him but he chose Bank of America.

[Maceman]

Well, his prognostications weren’t so hot when it came to predicting the future of the sub-prime market, back when he elected to jump in with both feet.

[Moonman62]

"The Fed has cut the discount rate and added liquidity to the markets but those things aren't enough to turn the fundamental market around," said Phil Orlando, chief equity market strategist at Federated Investors in New York. He said the funds rate should be cut to 4.25 percent by year end.

He's right. The yield curve never should have been inverted in the first place.

[kjam22]

Like he knows? To bad he didn’t see bankruptcy in the future and manage is company in a little more conservative manner.

[LibLieSlayer]

1/12 of 1% of our economy... right... I see depression for this man’s company and a Capitalist picking up the pieces and making a fortune in the future.

LLS

[SampleMan]

He’s crying in his soup. His statements are a desperate plea for the Fed to lower rates, in an attempt to save his own bacon.

Capitalism without bankruptcy is like religion without hell.

[Calpernia]

ping

[Eric in the Ozarks]

Angelo should spend more time in his tanning and toning bed.

[xcamel]

a “spread the misery” moment?

[Caipirabob]

OF COURSE they do!

[OpusatFR]

He’ll be fine though. He managed to cash out before the toxic sludge hit the fan.

After all, he needs $75,000,000 per grandkid to send them to college, and the poor baby has 18.

[bigjackattack]

if you don’t lose your job and don’t have to move you are ok in this market, even if you do move and the price of the house you are selling is down you are ok as long as the new house you are buying has gone down as well, now if someone has bought a home they can’t afford or has financed it with an unrealistic teaser rate loan they are out of luck but they really should have seen that coming and they may learn from it and make better decisions in the future

[krunkygirl]

save

[Old 300]

"There is no more chance for bankruptcy today for Countrywide than there was six months ago, a year ago, two years ago, and when the stock was $45 a share," Mozilo said on CNBC. "We're a very solid company."

Especially not in this command economy where the big players have federal flood insurance.

[ex-Texan]

Odd that the Abusive Key Word Vandalism suddenly stopped . . .

"I'm shocked ! Shocked, I say," -- Foghorn Leghorn

[Toddsterpatriot]

LOL!

It's like Willie Green never left us.

[ex-Texan]

And, the cowardly key word vandals strike again !

alasandalack; allislost; applesonly5cents; beatingadeadhorse; beggars; breadlines; brokenrecord; chickenlittle; cramer; crywolf; depression; despair; despondent; doom; dustbowl; dustbowls; fallingapart; gloomy; glum; grapesofwrath; greatdepression; hardtimes; hellinahandbasket; highdivefromawindow; hobosinboxcars; hoovervilles; hopeless; joblessmenkeepgoing; liveunderabridge; lovebadnews; nogoodnewsisgoodnews; nohope; sackclothandashes; sameoldsonganddance; skyisfalling; sleepingonbenches; soupkitchens; tomjoad; vulturegram; willpostjunkforfood; woeisme

Too afraid to openly criticize, these cowards do what they do best: Signal others in the mortgage and real estate business to pile on and attack. The key words are signals. All you have to do is search one. I bet emails have already been blasted from coast to coast saying, "Look for 'vulturegram."

Bet the hackers and virus spam artists will active on Monday. Launching attacks from corporate sites. Or from allies tied to large law firms. Or organized crime gangsters.

[ken21]

today’s wsj

predicts there will be a downturn.

hello comrade hillary!