Ryan

Countrywide CEO Finds Struggling Homeowners “Disgusting”

Richard,

SO WHAT?! Why does that matter? People need help! He's bashing a site that helps people get the help they need. If that's disgusting, I don't want to know what isn't disgusting to Mozilo. Actually, wait, I already know: ripping people off and cashing out before the fall.

Countrywide CEO Finds Struggling Homeowners “Disgusting”

Richard Weed,

You sir, are misinformed. The letter sent to Mozilo by Mr. Bailey was not simply a template. He let Countrywide know about his circumstances. Do a little more research before you spew misinformation. You think that every reporter got it wrong and you're right? hah! good one.

Countrywide CEO Finds Struggling Homeowners “Disgusting”

He has no sympathy for the little guys. That's all. Imagine for a second you were in this guys shoes who got the email back...

Countrywide CEO Finds Struggling Homeowners “Disgusting”

Major, while I agree that people should understand the loans they take out, some people simply don't have the capacity to. When those people come in contact with someone pushing the liar loans, and they see their dream of owning a house becoming a reality, of course they'll jump at the chance.

Yes, it takes two to tango, but potential homeowners didn't stand a chance when barraged with such "fantastic" loan terms. The lenders were in a position of power, both financially and intellectually, and they abused it. Plain and simple.

exCFC emp,
So what if they have the same wording? Many individuals who were caught in this scheme are probably not too smart, and need help drafting a letter that maximizes their potential for being helped. CFC specifically TOLD borrowers to talk to them. They didn't say "don't use a template!" And why would they?

Bottom line, good people who didn't know what they were getting into need help, and Angelo, in his mansion, calls them disgusting. What a sad world we live in.

Countrywide CEO Finds Struggling Homeowners “Disgusting”

If thats true, ktr, then he should lose his home. But Mozilo was attacking people trying to help homeowners. That's not something that I can forgive.