Is the bell tolling for Countrywide CEO Angelo Mozilo?

The Wall Street Journal is declaring (subscription required) Countrywide Financial Corp. (NYSE: CFC) CEO Angelo Mozilo's days numbered. Granted the paper is not going out on a limb. The stock has been an absolute dog of late, and several big investors have called for Mozilo's head. Oh, and then there's the small matter of the SEC investigating his stock sales.

And according to the Heard on the Street column:

In another blow, Henry Cisneros, a former U.S. Secretary of Housing and Urban Development, stepped down from the Countrywide board this week, the third director to quit this year. Mr. Cisneros expressed "enormous confidence" in Mr. Mozilo.

Still, as Oscar Wilde might have put it, losing one board member at a time of crisis might be called a misfortune; losing three looks careless.

Does anyone have confidence in Mozilo and Countrywide Financial? Resigning from the board and expressing "enormous confidence" doesn't count. Judging from his huge stock sales, it appears Mr. Mozilo might not have confidence in either himself. The company reports its earnings today, and huge losses are expected.