The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: Dan3 who wrote (91181)	10/3/2007 8:29:17 AM
From: Travis_Bickle	Read Replies (1) of 306849

Mozilo in July of 2006: "I've never seen a soft-landing in 53 years, so we have a ways to go before this levels out," Countrywide Chief Executive Officer Angelo Mozilo said on a Tuesday conference call. "I have to prepare the company for the worst that can happen." marinrealestatebubble.blogspot.com I don't see how that can be interpreted as anything but a "get the hell out of CFC" statement. The stock market is a game that people play at their own risk ... when the CEO tells you he is preparing for the worst that can happen, you have to weigh the possibility that the worst might actually happen.

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