Bottom fishing | Arkansas Blog

Wednesday, March 4, 2009

Bottom fishing

Posted By on Wed, Mar 4, 2009 at 5:21 AM

The fine fellows at Countrywide, who helped create the home mortgage mess, are back in business, buying up delinquent mortgages for pennies on the dollar. And a fine business it is. There's a locally pertinent comment about one of the Countrywide officials:

“Kurland is seeking to capitalize on a situation that was a product of his own creation,” said Blair A. Nicholas, a lawyer representing retired Arkansas teachers who are also suing Mr. Kurland and other former Countrywide executives. “It is tragic and ironic. But then again, greed is a growth industry.”

 


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