Angelo Mozilo

'World News' Trumps Up Severity of Former Countrywide CEO Civil Charges
By Jeff Poor | June 5, 2009 | 10:51 AM EDT

Throughout 2008, Countrywide Financial, now owned by Bank of America (NYSE:BAC), was attacked as being culpable for the financial crisis. Adam Lashinsky of Fortune magazine, in an appearance on Fox News Channel's "Cavuto on Business" June 21, 2008, predicted the attacks "won't stop until they do a perp walk with Angelo Mozilo - the CEO of Countrywide."

A year later, a report on ABC's June 4 "World News with Charles Gibson" is seemingly championing that cause. Before a single criminal charge has even been filed, senior justice correspondent Pierre Thomas was already showing footage of jail cells. Thomas blamed Mozilo for being the "catalyst" of the housing crisis.

"Investigators say Mozilo was selling $140 million in stock as Countrywide imploded," Thomas said. "To many, Mozilo, known for his deep tan and aggressive style, was the king of subprime mortgages - those risky loans that were the catalyst for the housing meltdown. Mozilo, the son of a butcher from The Bronx, has always maintained publicly that he's never misled anybody."

ABC Hints Rich CEO 'Deeply Tanned' from Sunbathing, But May Be Italian Complexion?
By Brad Wilmouth | March 7, 2008 | 9:41 PM EST

During a story suggesting that Angelo Mozilo, the former CEO of the mortgage company Countrywide, is unworthy of his millions of dollars and perhaps enjoys too much time lying in the sun, ABC's Dan Harris, possibly not picking up on the former CEO's Italian ethnicity which could be the source of his skin's dark complexion, remarked that Mozilo's "deeply tanned face" could become the "face of the mortgage mess." The story ran on Friday's

Countrywide’s Mozilo Gives Up $37.5 Million; 'American Morning' Still Complains
By Jeff Poor | January 28, 2008 | 5:07 PM EST

In a class-warfare driven media, where the "haves" are often pitted against "have-nots," you would think an outgoing CEO giving up $37.5 million in pay would be celebrated.

Not quite. CNN's "American Morning" didn't think it was quite good enough when Countrywide Financial's Angelo Mozilo forfeited $37.5 million in severance pay because he said he felt it was the "right thing to do."

"It's another disconnect with Main Street," "American Morning" anchor Kiran Chetry said Jan. 28, 2008. "Because most people don't get rewarded when things go wrong at their job, and this is what we see with these CEOs."

"Over and over and over again," CNN's personal finance editor Gerri Willis added.

CBS Ignores Motives of Countrywide CEO Bashers
By Jeff Poor | October 31, 2007 | 6:21 PM EDT

Profit takers beware – if you get too wise with your investing, the class warfare soldiers are coming after you. Over the last year, Angelo Mozilo, CEO of Countrywide (NYSE:CFC), decided to periodically sell some of the stock he owns in the company he co-founded 40 years ago and what is now the nation's largest mortgage lender – part of a prearranged measure known as a 10b5-1 trading plan.

BMI’s Dan Gainor Makes First Appearance on New Fox Business Channel
By Genevieve Ebel | October 18, 2007 | 4:20 PM EDT

Dan Gainor, director of the MRC’s Business & Media Institute, appeared today on the new Fox Business channel. During the 3 o’clock hour of ‘Fox Business Live,’ Gainor contributed to the discussion of the media’s recent economic coverage on a segment called ‘Blasting Biz .’