Winners and losers. Start with Countrywide Financial one of the leaders in the subprime mortgage debacle, and now owned by B of A. Lots of people lost money as a result (think widows, orphans and your retirement fund). So how about the guy at the helm during all this? His name is David Sambol. He got paid $10 million for his services during 2007, part of the meltdown period. Now he gets a $28 million severance package and lots of perks. While some folks sweat out their losses, Sambol is off to a 3 week vacation to Africa using the company's ultra luxurious Gulfstream IV. -- LAT reports.
Shall we reduce government oversight a little more?
Friday, August 1, 2008
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