Cashing In at Countrywide

For all the buzz over Countrywide’s poor earnings report on Tuesday and CEO Angelo Mozilo’s bearish comments about the housing market, I think we’d be remiss if we didn’t discuss the elephant in the room: The fact that Mozilo was an aggressive seller of Countrywide’s stock during the past year: By the count of New York Post writer Paul Tharp, Mozilo has sold $118 million in options since last December.

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