On Monday, Mar. 12, Mozilo unloaded 70,000 CFC shares for $2.45 million… to go with the 70,000 shares he sold for $2.62 million on Friday, Mar. 8… to go with the 46,000 shares he dumped for $1.67 million on Mar. 6 - you get the idea. Since Feb. 1, Mozilo has sold 882,000 shares for $35.3 million, averaging $40, compared with CFC’s $33.49 close Tuesday.
Nice trade, not that it was worthy of a mention in the interview. But Mozilo did come up with one for the ages:
The loans themselves are not problematic. It’s who they were sold to and how they were used.
CFC 1-yr chart
