check out this from Forbes:http://www.forbes.com/2010/10/15/mozilo-sec-fraud-equities-markets-securities.html?boxes=Homepagemostemailed
I don’t think BAC can withstand this without another BO.
It’s time for the SEC to bite the bullet and let it go.
I wonder who talked BAC to buy this nightmare. it had to have some strange deal. NO RESPOSIBLE business whould have gone near CW.
According to some guy at HP,this Mozila guy will only be paying 16cents on the dollar in fines. When are people going to start going to prison over this mess.
I thought Paulson pushed BAC to take on Countrywide? I remember paying close attention to this because our loan, taken out almost ten years ago, was somehow was sold to Countrywide where it stayed until last year when suddenly it was with BAC. We are the original owners of this house, built it on property my husband purchased back in the 60’s, but I’m starting to wonder what the title shows.
Never. I’m now convinced that no one will go to prison as a result of the fraud and corruption in the housing melt-down. They’re all going to pay fines under $0.20/dollar and walk away from this, perhaps never to work in banking or finance again.
At this point, nothing short of live disembowelment the bankers and seeing their severed heads crammed down on iron spikes will satisfy my sense of justice.