205
205
Aug 28, 2011
08/11
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CSPAN2
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so in our book were looking for an analogy to james taggart, we happened i felt made angelo mozilo. is the name that is familiar? he's the founder and former ceo of a company, former company, countrywide financial. countrywide financial was the poster child for everything you could possibly do wrong in subprime lending. as basic result is stock and countrywide 2007, the same week he gave a shareholder presentations and everything is wrong. from that .7 months later it lost, the couple is 80% of its value at which point it was acquired by bank of america. and i'm sure they thought they were getting quite a bargain. well, it turned out there was no bargain big enough to buy countrywide financial. not only did it carry all kinds of unknown liabilities, but bank of america still paying. two weeks ago they paid $8.7 billion to settle lawsuits and predatory complaints about the fraudulent documentation of countrywide mortgages. let me take just a fraudulent some these mortgages were. just for him but who thinks all this is noble. it's not. a lot of business is. some government it. a lot o
so in our book were looking for an analogy to james taggart, we happened i felt made angelo mozilo. is the name that is familiar? he's the founder and former ceo of a company, former company, countrywide financial. countrywide financial was the poster child for everything you could possibly do wrong in subprime lending. as basic result is stock and countrywide 2007, the same week he gave a shareholder presentations and everything is wrong. from that .7 months later it lost, the couple is 80% of...
274
274
Aug 23, 2011
08/11
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CSPAN2
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the main villain is it businessman james taggart. great pension that runs throughout the book is the conflict between james taggart the bad executive and his sister the good executive. all of the political imaginations executed by wesley d'anconia and the government parasites in "atlas shrugged" or because james taggart is pulling the strings with his own crony capitalist games. in our book when we are looking for an analogy to james taggart, we happened on a fellow named angelo rossillo. is that a name that is familiar to anybody? is the former ceo of a company, guess we should call it the former country -- company countrywide financial. countrywide financial is the poster child for everything you could possibly do wrong in sub-prime lending. after mozilo secretly sold his stock in countrywide in 2007 the same week he gave a shareholder presentation saying everything was fine, from that .7 months later the company lost 80% of its value at which point it was acquired by bank of america and i am sure they thought they were getting qui
the main villain is it businessman james taggart. great pension that runs throughout the book is the conflict between james taggart the bad executive and his sister the good executive. all of the political imaginations executed by wesley d'anconia and the government parasites in "atlas shrugged" or because james taggart is pulling the strings with his own crony capitalist games. in our book when we are looking for an analogy to james taggart, we happened on a fellow named angelo...
259
259
Aug 23, 2011
08/11
by
CSPAN2
tv
eye 259
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the main villain is it businessman james taggart.he great pension that runs throughout the book is the conflict between james taggart the bad executive and his sister the good executive. all of the political imaginations executed by wesley d'anconia and the government parasites in "atlas shrugged" or because james taggart is pulling the strings with his own crony capitalist games. in our book when we are looking for an analogy to james taggart, we happened on a fellow named angelo rossillo. is that a name that is familiar to anybody? is the former ceo of a company, guess we should call it the former country -- company countrywide financial. countrywide financial is the poster child for everything you could possibly do wrong in sub-prime lending. after mozilo secretly sold his stock in countrywide in 2007 the same week he gave a shareholder presentation saying everything was fine, from that .7 months later the company lost 80% of its value at which point it was >> but bank of america still pays in two weeks ago paid 8.$7 billion to se
the main villain is it businessman james taggart.he great pension that runs throughout the book is the conflict between james taggart the bad executive and his sister the good executive. all of the political imaginations executed by wesley d'anconia and the government parasites in "atlas shrugged" or because james taggart is pulling the strings with his own crony capitalist games. in our book when we are looking for an analogy to james taggart, we happened on a fellow named angelo...
179
179
Aug 23, 2011
08/11
by
CSPAN2
tv
eye 179
favorite 0
quote 0
the main villain is it businessman james taggart.e great pension that runs throughout the book is the conflict between james taggart the bad executive and his sister the good executive. all of the political imaginations executed by wesley d'anconia and the government parasites in "atlas shrugged" or because james taggart is pulling the strings with his own crony capitalist games. in our book when we are looking for an analogy to james taggart, we happened on a fellow named angelo rossillo. is that a name that is familiar to anybody? is the former ceo of a company, guess we should call it the former country -- company countrywide financial. countrywide financial is the poster child for everything you could possibly do wrong in sub-prime lending. after mozilo secretly sold his stock in countrywide in 2007 the same week he gave a shareholder presentation saying everything was fine, from that .7 months later the company lost 80% of its value at which point it was acquired by bank of america and i am sure they thought they were getting qu
the main villain is it businessman james taggart.e great pension that runs throughout the book is the conflict between james taggart the bad executive and his sister the good executive. all of the political imaginations executed by wesley d'anconia and the government parasites in "atlas shrugged" or because james taggart is pulling the strings with his own crony capitalist games. in our book when we are looking for an analogy to james taggart, we happened on a fellow named angelo...