Friday, January 11, 2008

Another Horatio Alger Story

Question: How do you make $115 million in a single day and get someone else to pay your country club bills and airfare for the next four years?

Answer: Become CEO of Countrywide Financial and Mortgage Co. ... entrap hundreds of thousands of consumers into borrowing on mortgages they can't afford ... slide more charges onto their bills without the customers' knowledge... sell your own stock in the company while stiff-arming the S.E.C. ... run the company to the brink of bankruptcy when the customers can't pay... reassure Wall Street everything is just ducky... then abruptly fire 12,000 salaried employees.

Finally, you thank your mother for encouraging you to go to college.


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