Countrywide’s Mozilo gives some back

I am not smart enough or experienced enough to say who is or isnt at fault for this financial crisis.

All I know, is that I was recruited into coundrywide last year (where I left a good job and career) only to be laid off a month and a half later. The fact that this happened right before the Holliday season didnt help either or the fact that the economic situation has altered the whole financial industry to the point where no financial institutions are hiring.

Thus, Ive been unemployed for over 4 months and counting. The interviews I do get, result in a “turn-down” for being “over qualified”.

I have no money, no longer have a 401k, no health insurance, no dental insurance, no more savings, and my small 6 month allocation of funds from unemployment compensation is nearing its end.

Its gotten to the point where I have to go down to Mexico to get medical attention for my untreatable illness that I cant get help with in the U.S.

I am in crisis mode where I eat pasta and cup-0-noodles to survive and pay for dry cleaning bills so I can have a clean suit to get the chance to get turned down at an interview.

I really hope things change because I dont know what I will do otherwise…

Mr. Mozilo is NOT responsible for the economy being “in such turmoil”. As a real estate professional, it is my fiduciary responsibility to clearly inform my clients in all phases of a real estate transaction. I must show them the bad with the good. Over the past two years not a single one of my client’s went into foreclosure. I know many loan officers and I know that there are people that only look for the paycheck or the refi in 2 years. This is not a “Countrywide” problem, as much as it is an integrity problem. There were too many people out there looking to take advantage of the consumer. And a true real estate professional would not allow his or her client to get into a risky situation without clearly explaining the ramification of the client’s actions. We all need to look in the mirror.

I think Mr. Mozilo deserves his severance package and more. He has been in the business over the long haul and any business person that can grow a business from nothing and make it to be the number 1 lender in America for many years deserves everything he should get. He doesnt need to “give back” he already gave back when like any business owner when starting a company makes many financial sacrifices. I am sure he made those sacrifices early on and he should reap the benefits of his hard labor over the course of these past many years. Countrywide isnt the only lender to do sub prime loans and you cant fault just one lender it was everyone.

Hard to believe this man can honestly think he’s doing something “good” by giving “back”. He feels that the media estimated his severance package, that’s hard to believe since he told all his Countrywide employees to not belive the media rumors when BofA was going to buy Countrywide and not to believe that Countrywide stocks are in trouble… those were memo’s that came out by Mr.Mozillo I know because I’m a employee at Countrywide! Then the very next day we get the truth in a memo that Countrywide IS in trouble and BofA IS buying Countrywide. WOW, can we believe and trust a man who let his company go down the drain to make him self better off. Didn’t Martha stewart go to jail for selling her stocks when her company wasn’t doing well? Funny I think that’s what Mozillo just did and wants to “give” it back. People like him only give it back when they are under fire or have plenty of money in the bank to not worry about what they are giving up. Sounds to me that someone needs to investigate this man and what he did to a multi billion dollar company and what he “gained” from it. Tell Mr.Mozillo that he should sell his personal tanning bed in his office and use that as a gift to give Santa Mozilo

Mozilo gives something back? To who? Could it be that maybe he feels bad for making his multi billion dollar company go down the drain and somehow he is the only one who is still rich after doing so? I know this because I worked for countrywide for years I’ve also lost my job at Countrywide due to all the horrible choices that were made by this man. So Mozillo can not and will not come out as a hero with his “giving back” report, you can’t be a hero Mozillo when not only did your gain cause so much loss within your companies employees alone but in millions and millions of homeowners that are now losing their homes so that you could live that outrageous life you live. Its about time someone called this man out, he’s the main reason this economy is in such turmoil. Good for you Hillary Clinton, thanks for calling out this man who has done nothing for anyone or anything but himself. What a example Mozillo is, building a multi billion dollar empire and lose it all within 5 short months, not sure you can call yourself a hero.