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Same old game w/ a new name, PennyMac

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Same old game w/ a new name, PennyMac

Old 03-08-2009, 12:36 PM
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Angry Same old game w/ a new name, PennyMac

The former execs of Countrywide are stepping up to SAVE the PO people...................again.

http://news.muckety.com/2009/03/05/f...-bailout/12641

http://www.huffingtonpost.com/leo-w-..._b_172390.html
Old 03-08-2009, 12:43 PM
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There is no shame anymore. Rescue ! This is the sort of thing most people do for a living now that we produce nothing. Moneychangers used to be a pejorative term.
Old 03-08-2009, 12:56 PM
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Kurland only got $200M out of Countrywide , Mozilo got $362M.

An accountant, Kurland, 57, joined Countrywide in 1979 and rose to become second-in-command after Angelo R. Mozilo. He told the Times he left the company because of “internal conflicts” with Mozilo.

http://articles.moneycentral.msn.com...lide-show.aspx

1/2 billion, think they're part of the problem?

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Kurland received financing for PennyMac from BlackRock, Inc., and Highfields Capital Management.

Bet there's some interesting characters in the sub-plots too!

Last edited by GhostShip; 03-08-2009 at 01:18 PM.

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