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Countrywide Financial's Ceo Warns Investors
Posted on 04/02/2007 11:09 AM | Link | Post Comment
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The guest host on CNBC this morning was Countrywide Financial's CEO, Angelo Mozilo. Mozilo warned that the woes of the subprime mortgage crisis would eventually have an effect on the consumer, and consumer spending.
Mozilo said that consumers have been using their home equity as ATM machines, and that cash has dried up.
Mozilo is not just talking, he is acting on his convictions too. Mozilo continues to unload large blocks of CFC's stock.
I don't mind if Mr. Mozilo takes his chips off the table. At least the guy has the guts to come out and tell everyone that the problem is bigger than what we are led to believe.
Sell Angelo, Sell ! As long as you're honest and upfront, I don't have a problem with it. What about all the squirels at Google? What's their excuse? What to buy another jumbo jet or what? No comment, huh?
What about the rest of you guys who are selling? Mums the word, right? Here's a small list;
TYSON FOODS (TSN): Don Tyson and partnerships.
AIG: "Hankie Panky" Maurice Greenberg
KOHLS (KSS)
MICROSOFT (MSFT)
CABELAS (CAB)
WEYERHAEUSER (WY)
CISCO (CSCO)
FEDERATED DEPARTMENT STORES (FD)
URBAN OUTFITTERS (URBN)
I don't mind if Mr. Mozilo takes his chips off the table. At least the guy has the guts to come out and tell everyone that the problem is bigger than what we are led to believe.
Sell Angelo, Sell ! As long as you're honest and upfront, I don't have a problem with it. What about all the squirels at Google? What's their excuse? What to buy another jumbo jet or what? No comment, huh?
What about the rest of you guys who are selling? Mums the word, right? Here's a small list;
TYSON FOODS (TSN): Don Tyson and partnerships.
AIG: "Hankie Panky" Maurice Greenberg
KOHLS (KSS)
MICROSOFT (MSFT)
CABELAS (CAB)
WEYERHAEUSER (WY)
CISCO (CSCO)
FEDERATED DEPARTMENT STORES (FD)
URBAN OUTFITTERS (URBN)
- Get A Job, Any Job, To Pay The Rent!
- Countrywide Financial's Ceo Warns Investors
- What The Dell !
- Making Money From Consumer Fascinations
- Market, Economy, And Bernanke In A Catch 22
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