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Whether they deserve to be or not, Countrywide Financial and its top executives would be on most lists of those who share blame for the nation’s economic crisis. After all, the banking behemoth made risky loans to tens of thousands of Americans, helping set off a chain of events that has the economy staggering.
So it may come as a surprise that a dozen top Countrywide executives now stand to make millions from the home mortgage mess. Stanford L. Kurland, Countrywide’s former president, and his team of former company executives have been buying up delinquent home mortgages that the government took over from other failed banks, sometimes for pennies on the dollar. They get a piece of what they can collect.
More from Ken Silverstein:
Perspective — October 23, 2013, 8:00 am
How pro-oil Louisiana politicians have shaped American environmental policy
Postcard — October 16, 2013, 8:00 am
A trip to one of the properties at issue in Louisiana’s oil-pollution lawsuits
Percentage of Americans who say they would not enjoy spending time with their own clone:
Astronomers recorded the most powerful pulse of radiation ever observed; the radiation was emitted from a pulsar 12,000 light-years from Earth and was “capable of totally vaporising and ionising all known materials, shredding them into hot plasma.”
Alberta dentist Michael Zuk, the owner of a molar that belonged to John Lennon, revealed that he hoped to clone a new Lennon and raise him as a son. “Hopefully keep him away from drugs,” said Zuk, “but, you know, guitar lessons wouldn’t hurt.”
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Science’s crisis of faith