Sunday, March 9, 2008

FBI Investigating Countrywide (from AP)

FBI Investigating Countrywide (from AP)

From the article:

Congressional figures showed that Countrywide lost $1.2 billion in the third quarter of 2007 and another $422 million in the fourth quarter. The company's stock fell 80 percent between February and the end of the year.

During the same period, Mozilo received a $1.9 million salary, $20 million in stock awards contingent upon performance and sold $121 million in stock.

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