You, sir, are sounding like an idiot extraordinaire.
Why in the h*ll do you think the government ought to bail your butt?
It’s fun watching liberals whine.
What does he think he is - a farmer?
Don’t tell me the government is actually letting the market deal with the situation.
zero effort=bail out
What is it about California that makes their property values so much higher than the rest of America?
And why should the rest of us care about bailing out people who are stupid enough to pay those inflated prices to live in a congested desert fault zone, subject to brush fires and landslides?
“In terms of tangible effort from the federal government...there has been no programme, no federal effort, no legislative assistance – zero,” he said.”
Good.
Would someone explain that to me? I don't get it.
This scumbag Mozilo - - the same scumbag who happily cashed his substantial paychecks while his company was raking in the dough making risky loans to bums - - now wants the taxpayers to save his fat rear end? Drop dead, Mozilo.
This mortage scandal is without doubt the boldest and most expensive SWINDLE in the history of the world. The government should be putting tens of thousands in JAIL not billions in BAILOUT.
I agree that the Government needs to do much more about the subprime mess.
Step #1: arrest and convict Mozillo.
You’ve got to love him speaking to the ‘Milken Institute’.
"I was irresponsible with lending practices..I practically had to stuff money in peoples pockets..I got bonuses I didn't deserved...I made a killing in the market..it was get it while the getting was good...but *sniff sniff*..I don't like the spotlight when it all falls apart....squeal,squeallllll...squealllll..ssssqueallllll"
Tackle, v.t. To dump enormous amounts of taxpayer dollars on while demanding no accountability from anyone; tackled, tackling
--International Leftist Dictionary, Third International Edition
Whatta buncha BS!
I suspect a "first time" home buyer will have no problem securing a mortgage is they:
IMHO, folks today don't understand the word sacrifice.
it is a shame when a few a-holes ruin a useful tool like easy low interest short-term loans....
Mozillo should be in jail for fraud instead of begging for a government bail-out. He sold his stock before the sub-prime mess blew up, so he was well aware of what lay ahead. The US taxpayer should not bail out crooks like him or the stupid people who thought they could buy his mortgages for no money down.
First off- this guy and others like him should be sitting in jail. 2nd off the federal government has done too much already to bail these guys out. Lowering the interest rates is destroying our dollar- driving up the cost of oil- and inflation. Inflation is not 3%...Those are numbers that are manipulated by keeping food and energy out of the picture. Well those are the most important items. Inflation is actually running over 10%. Those who do save are not only seeing less of a return via lower interest rates, but there money is loosing big time in terms of inflation. You could have actually received better than a 10% return in the last year if you had simply put your money in Canadian dollars, and then moved it back into USD and received no interest at all on you money. Add in interest and you would have made out even much better. Maybe 15% return. Pretty sad. Our whole economy and financial system is being trashed by these guys, and they are crying about not getting more hand outs. It was the government policy that made it possible for us to get into this mess in the first place. The bankers and the real estate people, and others have been getting away with things that they should never have been allowed to do. And we are going to pay in a very big way for that now. Well this guy is under investigation by the Sec for selling many of his shares in Countrywide right before Countrywide tanked. I hope they nail him for that and more. It is so complicated to explain if you have not been following it all.