Article

2010-10-16 -Lurid Crime Tales-

Countrywide co-founder, 2 others settle with SEC

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Posted by Fred 2010-10-16 09:56|| || Front Page|| [11130 views ] Top

#1 Just a cost of doing business.

Posted by Glenmore 2010-10-16 10:33|| 2010-10-16 10:33|| Front Page Top

#2 Gee...I wonder who might have had a problem with a public trial, evidence, etc....?

Posted by Uncle Phester 2010-10-16 10:40|| 2010-10-16 10:40|| Front Page Top

#3 Ah, yes, Ye Olde Friday Afternoon Bad News press release. Chris Dodd must've taught him that trick.
He'll meet you at the club, Angelo. And he'll buy. After all you've done for him, it's the least he can do...

Posted by tu3031 2010-10-16 10:41|| 2010-10-16 10:41|| Front Page Top

#4 Angelo's complexion would have gone SO WELL with an orange jumpsuit. Pity that the US Attorney General sleeps with Cthulhu.

Posted by Anguper Hupomosing9418 2010-10-16 11:29|| 2010-10-16 11:29|| Front Page Top

#5 Damn! Look up "reptilian" in the dictionary and I'll bet his picture's next to it. He looks like he had a lizard skin graft...

Posted by tu3031 2010-10-16 12:22|| 2010-10-16 12:22|| Front Page Top

#6 I know Angelo personally.
You guys couldn't be more wrong about him.
His parent were from Sicily and are darked skinned just like him. his 'tan' is natural.

He did nothing wrong.
He worked hard for many years, starting from almost nothing, to make Countrywide the major player it became.
He planned his retirement years before the SHTF.
He made the shareholders over a billion dollars.

A man is entitled to retire after many years of hard work.
He was unfairly 'tarred' with the same brush, by the media, as other corporate 'raiders' of the same time period, because the media always needs scapegoats.

Posted by Mike Hunt 2010-10-16 13:45|| 2010-10-16 13:45|| Front Page Top

#7 He did nothing wrong. Go on, tell us another.

Posted by Anguper Hupomosing9418 2010-10-16 14:25|| 2010-10-16 14:25|| Front Page Top

#8 So if he did nothing wrong, how come he's paying the feds 67.5 million?

Posted by tu3031 2010-10-16 15:25|| 2010-10-16 15:25|| Front Page Top

#9 tu3031, out of the goodness of his heart.

Posted by Rambler in Virginia 2010-10-16 15:39|| 2010-10-16 15:39|| Front Page Top

#10 to protect Chris Dodd's re-election....er.. wait. what?

Posted by Frank G 2010-10-16 16:21|| 2010-10-16 16:21|| Front Page Top

#11 Quite possibly, it is cheaper to settle the case and pay the forfeit than continue spending every day fighting in court for the next two years.

Posted by trailing wife 2010-10-16 17:57|| 2010-10-16 17:57|| Front Page Top

#12 The "Friends of Angelo" scheme was dodgy at best, and piss-poor publicity-wise.

Had it not been for the fact that the "friends" involved were in Congress and other high-powered positions, it would also have been illegal. (It actually probably was, but no one was willing to arrest the congresscritters.)

He may be a nice guy in person, but as a homeowner whose mortgage was bought by Countrywide, I'd surely have loved to have the deals those already-rich guys got (and didn't need). :-(

Posted by Barbara Skolaut 2010-10-16 18:15|| 2010-10-16 18:15|| Front Page Top

#13 A man is entitled to retire after many years of hard work.

Perhaps Mr. Mozillo can get an accommodation adjoining Mr. Lay.

Posted by Nimble Spemble 2010-10-16 21:12|| 2010-10-16 21:12|| Front Page Top

#14 Hisparent were from Sicily and are darked skinned just like him. his 'tan' is natural.

So, in other words, he's related to Charlie Crist?

Posted by Swamp Blondie 2010-10-16 21:38|| 2010-10-16 21:38|| Front Page Top

23:51 trailing wife
23:31 trailing wife
23:27 trailing wife
23:22 Mr. Bill
23:16 Mr. Bill
23:11 Rambler in Virginia
23:05 trailing wife
22:34 bigjim-CA
22:32 bigjim-CA
22:30 bigjim-CA
22:18 Bobby
22:17 Pappy
22:14 R.U. Cereus
22:06 Old Patriot
22:06 gorb
21:43 anonymous2u
21:38 Swamp Blondie
21:12 Nimble Spemble
20:53 Silentbrick
20:42 Redneck Jim
20:16 rwv
19:50 Steve White
19:44 Uncle Phester
19:38 tu3031