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Angelo Mozilo says he has never been through anything like the last six months – the scrutiny, the allegations, the outrage over how he manages Countrywide Financial. Every morning the chairman and CEO wakes up thinking the worst is over and suddenly there’s some new crisis. It happened again today when the stock nosedived as much as 22 percent on rumors that the company was running short of cash. An analyst downgrade earlier in the day didn't exactly help. Things got so bad that a Countrywide spokeswoman had to deny rumors that the company could file for bankruptcy protection - not what you want your PR people to even engage. The stock did rally to finish just down 2.7 percent. Still, it's only trading at $10.28 a share. Wowser. (Reuters)

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1:35 PM Sat | A front-page story in the L.A. Times on the opening of KPCC's new studios in Pasadena says that next up for the NPR station is "a major expansion that its board of trustees hopes will make KPCC the hub of a regional constellation of public radio stations and a major source of news and information in Southern California."
Mark Lacter, LA Biz Observed
2:26 PM Fri | You might recall his being sent off for secretly paying clients to pursue shareholder lawsuits.
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