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Published on KnoxViews (http://www.knoxviews.com)

Countrywide execs receiving $19 million in stock

By bizgrrl
Created Mar 30 2008 - 07:36

Free market!!!

It's just a little surprising these 2 guys don't feel a little guilty about accepting this $19 million in stock when so many of their customers won't be able to keep their homes.

"It's perverse [1] for Bank of America to reward the principal architects of the bad business practices that caused this housing crisis," Sen. Charles Schumer, D-N.Y, said in a statement.

It's even a little more ridiculous that BOA is willing to pay one of these guys $28 million to "stay with the company".

Why would they want him to stay? That's like asking George Bush to stay for a second term. Oh, wait. The majority of Americans apparently did ask him to stay. Are we a "Confederacy of Dunces"?


Source URL:
http://www.knoxviews.com/node/7439