"words of large corporations more credible. Imagine that, the media taking the words of criminals more seriously than the truth. That is why they have lost public trust. "
Like Angelo Mozilo is not going to securitize more mortgages, just going to keep them in his little ol bank, jist till this little thing dies out
"Reduced demand from investors is prompting Countrywide to retain more of its loans rather than selling them."
"Countrywide executives including Mozilo have said the company would benefit from a shakeout that eliminates competitors and overcapacity, which led to lax lending practices. "