Wednesday, March 4, 2009

The Rich You Shall Always Have With You

Now this is really annoying:

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.

Stanford L. Kurland, Countrywide’s former president, and his team 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.


It's just reality. People like this will always find a way to stay rich. That's why I have very little sympathy for them. By hook or by crook, they'll find a way. As someone should have said, "The rich, you shall have with you always."

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