From Pine View Farm

Metamorphosis 1

A carrion eater is a creature, such as a hyena, that comes along and eats the remains after a predator, such as a lion, had finished with it. Lions seldom morph into hyenas in the wild.

In nature, defrocked lions seldom re-invent themselves as hyenas. Not the case in what passes for busine–oh, I give up. If I write any more, I shall break my own ban on raving profanity.

Fairly or not, Countrywide Financial and its top executives would be on most lists of those who share blame for the nation’s economic crisis. After all, the banking behemoth made risky loans to tens of thousands of Americans, helping set off a chain of events that has the economy staggering.

So it may come as a surprise that a dozen former top Countrywide executives now stand to make millions from the home mortgage mess.

Stanford L. Kurland, Countrywide’s former president, and his team have been buying up delinquent home mortgages that the government took over from other failed banks, sometimes for pennies on the dollar. They get a piece of what they can collect.

Via Balloon Juice.

Share

1 comment

  1. Karen

    March 4, 2009 at 12:35 pm

    I didn’t type what I was saying when I saw that.

     
From Pine View Farm
Privacy Policy

This website does not track you.

It contains no private information. It does not drop persistent cookies, does not collect data other than incoming ip addresses and page views (the internet is a public place), and certainly does not collect and sell your information to others.

Some sites that I link to may try to track you, but that's between you and them, not you and me.

I do collect statistics, but I use a simple stand-alone Wordpress plugin, not third-party services such as Google Analitics over which I have no control.

Finally, this is website is a hobby. It's a hobby in which I am deeply invested, about which I care deeply, and which has enabled me to learn a lot about computers and computing, but it is still ultimately an avocation, not a vocation; it is certainly not a money-making enterprise (unless you click the "Donate" button--go ahead, you can be the first!).

I appreciate your visiting this site, and I desire not to violate your trust.