Angelo’s exit: Will Countrywide’s Mozilo stay?

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Questions, questions and more questions for Bank of America if it does in fact buy Countrywide Financial:

-- Does Countrywide CEO Angelo Mozilo (pictured) stay on in a substantive role? Exit gracefully? Exit in another manner entirely?
-- Does Countrywide remain headquartered in Calabasas?
-- Are further Countrywide job cuts inevitable? The company has already slashed 10,900 jobs, and has a payroll of 50,000 employees.
-- How does Bank of America explain to its shareholders -- or does it even bother -- what happened to the $2 billion it has already invested in Countrywide?
-- Will Countrywide banks continue to pay industry-leading yields on CDs?
-- Will Bank of America handle defaults and foreclosures any different than Countrywide would?
-- Is it remotely possible Bank of America has a fundamentally different strategy for dealing with the housing slump, particularly with borrowers who can’t pay their mortgages?
-- Will Bank of American handle investigations and lawsuits any different than Countrywide would?
-- What about houses that Countrywide already owns through foreclosure -- will Bank of America have a different strategy for unloading them?

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