After all the criticism that Countrywide’s CEO has taken for selling his stock, it must be a great day for Angelo Mozilo. A few days ago, many of his stock option strikes were above the market price. Poof! Write off billions and then make positive comments about next quarter and he’s in the money again. I love how this works. Pretty soon, his 10b5-1 plans might even allow him to start selling more shares again. After all, he needs the money to send his grandkids to school. I know that sounds stupid, but that’s the reason he gave, not me. And you might think that he’d never dare to sell more shares on a bounce when he is being investigated by the SEC. Yeah right. But hey, that would cause a bit of a problem now wouldn’t it? If he did nothing wrong to justify the investigation, then stopping when he was being investigated would look suspicious - wouldn’t it?