Biz media could be harder on Countrywide CEO
TheStreet.com’s Marek Fuchs writes Friday that the business media has been a little too soft on home lender Countrywide CEO Angelo Mozilo.
Fuchs wrote, “But while Mozilo goes on his one-man campaign of self-interest, the business media need to do a better job of pointing out his long trail of inconsistencies. You, the savvy investor, need to be aware of the sort of contradictory things he has said and done in the past, lest you take too seriously the things he is saying and doing right now.
“How did CNBC’s Maria Bartiromo do Thursday? When the subject of Bank of America’sÂ $2 billion investment came up, Maria’s first reaction was to go warm and fuzzy, to flash back decades to when Mozilo and Countrywide got their very first, bouncing baby of a loan … a $75,000 job.
“Said Bartiromo, about how things have come full circle so beautifully: ‘This on a personal level must be incredible for you, this relationship…’
“Aww. … I could have sworn I even saw Mozilo blanch just a slightly paler shade of orange with surprise.”
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