My husband works for Countrywide. His real estate agents love him, his past clients refer to him, he is by all accounts very very good at what he does (yes I'm prejudiced but I can back it up - $50 mil a year +/- speaks for itself). Yet sometimes when a Realtor recommends him the buyer says something like "it will be a cold day in Hell before I use Countrywide...."

Mozilo has done his employees no favors.However, to answer your question about how many families were helped I can forward this exerpt from his letter to the employees this morning. "Over the past 40 years we have created over 200,000 jobs, provided homeownership opportunities to over 20 million families, built a servicing portfolio of $1.5 trillion and substantially increased the homeownership rate among minority families."

Self-serving? Undoubtedly. True? Hope so.

Good stuff Gina!

Reality on Wall Street is pretty cruel. Doesn't take into consideration past good deeds. Fact is that Angeloz Mozilo, for all the good he's done, is also one the main characters in the subprime mortgage drama. Besides, he's pocketed a big chunk in exchange for his efforts, while his shareholders were left holding the sack. Can't say that arouses much sympathy from me.