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Mozilo’s moment: Countrywide’s chairman nears tears after a standing ovation

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Here’s video I’d like to see: Countrywide Financial employees and shareholders gave chairman Angelo Mozilo (pictured) a standing ovation today, and Mozilo ‘fought back tears’ at a shareholders meeting to approve the sale of the company, according to Reuters.

Here’s more: ‘Scott Adams, coordinator for a pension program of the American Federation of State, County and Municipal Employees, said the Countrywide shareholders meeting lasted fewer than 20 minutes and had about 300 attendees, including many employees.

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‘He said Mozilo, 69, entered to a standing ovation, and then fought back tears in recalling how he had received a loan from Bank of America to help co-found Countrywide.

‘Mozilo, the son of a Bronx, New York, butcher, said he felt emotional because of his Italian heritage, Adams said.’

I doubt that shareholders or Mozilo discussed the new lawsuits against the company, filed by attorneys general in California and Illinios.

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