How did they know?
Some guys can spot a deal when they see it.
Ex-Leaders of Countrywide Profit From Bad Loans
“CALABASAS, Calif. — Fairly 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 former top Countrywide executives now stand to make millions from the home mortgage mess.”