Y’all, a douchenozzle named Angelo Mozilo, who was CEO of Countrywide Financial Corp when it created a big chunk of the mortgage crisis that exposed the rot in the world’s economy, is completely BAFFLED as to why he got in trouble for it. Even though the federal regulators, the biggest bunch of rich-pandering weenies on the planet, managed to find enough dirty shenanigans that Countrywide (helmed by Mozilo) was hit with $55 billion in fines. In fact, things were so dirty the new owner of Countrywide — the even skankier Bank of America Corp bought it in 2008 — has to pay ANOTHER $16 billion “to end probes into mortgage-bond sales on top of about that came before”.
Nevertheless, Mozilo doesn’t see what the big problem is. “You’ll have to ask those people, ‘What do you have against Mozilo, what did he do?’” he said in a 30-minute call with Bloomberg News before Labor Day, one of his few interviews since the firm’s downfall. “Countrywide didn’t change. I didn’t change. The world changed.” … Mozilo doesn’t understand why he and his firm, blamed by lawmakers and authorities for lax underwriting and predatory lending, have been seen as villains … “No, no, no, we didn’t do anything wrong,” he said, adding that a real estate collapse was the root of the crisis. “Countrywide or Mozilo didn’t cause any of that.” … Mozilo, who lives in a 12,692-square-foot house in Santa Barbara, California, defended the size of a lender that did $408 billion of originations in 2007 and had a $1.5 trillion servicing portfolio. “What’s wrong with that?” he said. “Should Amazon be condemned for being the biggest in their space?” … “Go back and you’ll see that Countrywide was one of the most admired companies in the country,” he said. Mozilo added that he has “no idea” why the government is going after him again. “It’s unfortunate, but I try to make the best of it.”
This rancid pustule of elitist privilege — who raked in $500 million from 1999 to 2008 by the way – sees no problem with the fact that Countrywide “urged workers to churn out loans, accepted fudged applications and tried to hide ballooning defaults” in order to keep rich investors getting richer.
This guy is one of the most cogent arguments for public whippings. His inability to see anything other than his own benefits, his referral of himself in the third person as though he were an emperor as opposed to some shady pissant, his refusal to acknowledge even the most blatant wrong-doing, all point to a raging case of narcissism. I loathe narcissist. Mozilo reminds me of why I abhor them so vehemently.
I wish there was some way to communicate to this shitstain how truly putrid he is. Sadly, his egotistical denial is impenetrable. I wonder if my foot would find his ass similarly impregnable?