Thursday, March 22, 2007

Countrywide Executives Dumping Stock

From the Street:

Insiders at Countrywide, the nation's largest mortgage lender, have sold $314 million worth of shares in the company just since August. That's according to regulatory filings tracked by Interactive Data Corporation.

The sales include a staggering $94.5 million by chief executive Angelo Mozilo, and $17.5 million by mortgage division chief David Sambol.


That gives me a tremendous feeling of confidence.