Filed under: Deals, Management

You would think that having sold millions of shares at inflated prices would have been enough for Angelo Mozilo, who is now dumping Countrywide Financial (NYSE: CFC) on Bank of America (NYSE: BAC) for less than a fifth of what the company traded at earlier this year.

The company has taken big writedowns on ill-advised subprime loans, even as Mozilo… Continue reading

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This entry was posted on Monday, January 28th, 2008 at 3:08 pm and is filed under Management. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.