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U.S. drops criminal probe of former Countrywide chief Angelo Mozilo
Los Angeles Times ^ | February 18, 2011, 4:11 p.m. | By E. Scott Reckard

Posted on 02/24/2011 1:28:38 PM PST by Mortrey

Mozilo's actions in the mortgage meltdown — which led to $67.5-million settlement against him — did not amount to criminal wrongdoing, federal prosecutors have determined.

(Excerpt) Read more at latimes.com ...


TOPICS: Business/Economy; Crime/Corruption; Government
KEYWORDS: corruption; foreclosures; mozilo
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1 posted on 02/24/2011 1:28:40 PM PST by Mortrey
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To: Mortrey

Who woudda thunk that?

Corruptocrats!


2 posted on 02/24/2011 1:30:03 PM PST by Scanian
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To: FromLori

ping


3 posted on 02/24/2011 1:30:38 PM PST by ColdOne (Your Tag Line Here.......inquire within)
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To: Mortrey

I wonder what pseudonym he used when he made his ‘campaign contribution’ to The Obama and his posse...


4 posted on 02/24/2011 1:31:53 PM PST by WayneS (Enlightened statesmen will not always be at the helm. -- James Madison)
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To: Mortrey

Of Course ... Angelo knows where all the bodies are buried. Besides if Angelo TALKED, next to him in Prison would be ALL the DEMS in DC and probably 1/3 of the REPUBS!!!


5 posted on 02/24/2011 1:33:49 PM PST by gwilhelm56 (Egypt 2011 = Iran 1979)
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To: Mortrey

Burying the evidence.


6 posted on 02/24/2011 1:35:15 PM PST by Loyal Buckeye
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To: Mortrey

The Holder Justice Department doesn’t want this guy under oath in open court. It will open up a can of worms.


7 posted on 02/24/2011 1:35:15 PM PST by Brad from Tennessee (A politician can't give you anything he hasn't first stolen from you.)
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To: Mortrey

Maybe he’s a secret New Black Panther.


8 posted on 02/24/2011 1:35:21 PM PST by Cicero (Marcus Tullius)
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To: ColdOne
Justice Denied: Why Countrywide Chief Fraudster Mozilo Isn't Going to Prison
9 posted on 02/24/2011 1:38:36 PM PST by FromLori (FromLori">)
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To: Mortrey

From what I know, I tend to agree with this conclusion.

However, this shouldn’t preclude federal prosecutors from taking a long look at the elected representatives and other Government employees who appear to have received special deals (compensation).


10 posted on 02/24/2011 1:39:04 PM PST by Rational Thought
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To: Mortrey

This is always great reading.

http://www.rushlimbaugh.com/home/daily/site_061608/content/01125114.guest.html


11 posted on 02/24/2011 1:39:14 PM PST by grapeape (Blitzshield.com - making football safer)
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To: Mortrey

Keywords here - 1st one is corruption. How fitting. Ya can’t write fiction with more corruption than here in America from top to bottom.


12 posted on 02/24/2011 1:40:29 PM PST by newfrpr04 (Don)
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To: Mortrey

OBAMA drops criminal probe of former Countrywide chief Angelo Mozilo............is more like it.........


13 posted on 02/24/2011 1:41:14 PM PST by Red Badger (Want to be surprised? Google your own name. Want to have fun? Google your friend's names.....)
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To: Mortrey

He was only the bagman for Barney and Friends...


14 posted on 02/24/2011 1:41:43 PM PST by JohnLongIsland (time to get out of ny => 130 days and counting...)
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To: Mortrey

Were banks supposed to make loans to people with no prayer of paying them back, or not?

You can’t have it both ways.

The Fed actively punished banks that did not make “predatory loans,” AKA loans to people who were unqualified.

And once you open that door, EVERYBODY can walk through it.

There never was discrimination in the banking industry, as evidenced by the fact that the default rates for people of different races were the same.

Differing default rates would be evidence of discrimination, holding one group to a higher standard than another.

Mr. Mozilo was only doing what the Fed told him to do.


15 posted on 02/24/2011 1:45:32 PM PST by E. Pluribus Unum ("If they bring a knife to the fight, we bring a gun." -- Barry Soetoro, June 11, 2008)
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To: Red Badger

Yup, chief justice of the pResidency himself...ruler, er, ruiner of the entire free world.


16 posted on 02/24/2011 1:47:04 PM PST by Mouton
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To: Mortrey

Eventually, there will need to be a cleansing in this country—top down, bottom up!


17 posted on 02/24/2011 1:47:04 PM PST by SgtHooper (The last thing I want to do is hurt you. But it's still on the list.)
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To: Mortrey

How much did Holder have deposited in his Swiss bank account?


18 posted on 02/24/2011 2:01:57 PM PST by WellyP
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To: Mortrey
Our government has not told the truth since obama moved into the White House... he has destroyed the trust in and integrity of the fed forever... No one will even be able to trust anything our government ever says or does again.

LLS

19 posted on 02/24/2011 2:03:41 PM PST by LibLieSlayer (WOLVERINES!!!)
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To: Mortrey

It’s nice to have corrupt friends in high laces...


20 posted on 02/24/2011 2:03:41 PM PST by expatpat
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