Mozilo’s moment: Countrywide’s chairman nears tears after a standing ovation

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Here’s video I’d like to see: Countrywide Financial employees and shareholders gave chairman Angelo Mozilo (pictured) a standing ovation today, and Mozilo ‘fought back tears’ at a shareholders meeting to approve the sale of the company, according to Reuters.

Here’s more: ‘Scott Adams, coordinator for a pension program of the American Federation of State, County and Municipal Employees, said the Countrywide shareholders meeting lasted fewer than 20 minutes and had about 300 attendees, including many employees.

‘He said Mozilo, 69, entered to a standing ovation, and then fought back tears in recalling how he had received a loan from Bank of America to help co-found Countrywide.

‘Mozilo, the son of a Bronx, New York, butcher, said he felt emotional because of his Italian heritage, Adams said.’

I doubt that shareholders or Mozilo discussed the new lawsuits against the company, filed by attorneys general in California and Illinios.

Your thoughts? Comments? E-mail story tips to peter.viles@latimes.com.