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.

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1 comment

  1. Karen

    March 4, 2009 at 12:35 pm

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