Washington Mutual may soon receive a much needed infusion of cash from a group of investors led by private equity firm TPG according to a story in today’s Wall Street Journal.

A high flier during the housing boom, Washington Mutual was eagerly making subprime loans to people who are now having trouble making good on those obligations.

Countrywide’s CEO Angeo Mozilo and president David Sambol are set to receive a combined $19 million in stock as part of Bank of America’s takeover of the troubled mortgage giant according to documents filed on Thursday with the SEC by Bank of America.

As pressure continues to build on Angelo Mozilo, a Salon.com reader suggests that the Countrywide Financial CEO use his personal wealth to subsidize mortgage payments of company workers Mozilo is jettisoning.
Just counting the $130 million Mozilo made from sales of Countrywide stock this year, that would mean more than $10,000 apiece to 12,000 terminated workers.
Angelo […]

It’s one thing to have some shareholders, bloggers and newspaper reporters after you.
But it’s quite another when a featured columnist on The New York Times op-ed page takes aim.
Under the headline “Enron’s second Coming?” Paul Krugman lambasted Countrywide Financial CEO Angelo Mozilo Monday, saying that a big lesson from the “housing mess” is that the […]

In an earlier post, we wrote about Countrywide CEO Angelo Mozilo, comparing him to characters in the classic film, It’s a Wonderful Life.
We said Fed Chairman Ben Bernanke might be playing the role of Clarence, the angel who saved George Bailey.
A new angel for Mozilo and Countrywide emerged yesterday. Bank of America agreed to invest […]

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Early on in the mortgage meltdown, Angelo Mozilo founder and CEO of Countrywide Financial, the nation’s largest home lender, was doing a good impersonation of Mr. Potter from Frank Capra’s classic film, It’s a Wonderful Life.
Amidst market panic, Mozilo was acquiring mortgage assets for pennies on the dollar, just […]

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His sales are perfectly legitimate. And maybe they’re even smart. But if Angelo Mozilo isn’t careful, he could become the new poster boy for corporate greed.
Last week, as the mortgage mess whipsawed Wall Street, financial markets around the world, and his own company’s stock, the Countrywide Financial CEO continued […]