Friday, January 11, 2008

Nice work if you can get it

For his part in creating the sub-prime mortgage mess, Countrywide CEO Angelo Mozilo stands to walk away with a severance package worth more than $110 million .

Of course, it's really the Countrywide board of directors that is to blame here. I could have bankrupted Countrywide just as well as Mozilo did (if not better), and I would have happily done it for a mere $50 million.

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