The Spark

“The emancipation of the working class will only be achieved by the working class itself.” — Karl Marx

Countrywide rewards its big thief

Apr 28, 2008

Angelo Mozilo, CEO of Countrywide Financial Corp., received over 132 million dollars in salary, bonuses and stock option cash-outs last year.

Home foreclosures reached a rate of 7,500 a DAY in March.

Countrywide was one of the big players taking advantage of home buyers with the risky loans that created this foreclosure crisis.

Shouldn’t Mozilo be in JAIL– not rewarded for robbing all those people?