"Rampant fraud in the mortgage industry has increased so sharply that the FBI warned Friday of an "epidemic" of ..."
--September 17, 2004|
http://www.google.com/#sclient=psy-ab&hl=en&source=hp&q=FBI+investigating+Mortgage+fraud+2004
"For the Pritzker family of Chicago, the 2001 collapse of subprime-mortgage lender Superior Bank was an embarrassing failure.."
http://www.google.com/#sclient=psy-ab&hl=en&source=hp&q=Pritzker+Subprime+2001Mozilo's Countrywide had been the first to embrace the homeownership push back in 1995 and had therefore become a central player in Clinton's public-private partnership.
And since 1998, Countrywide had also become crucial to the fortunes of Fannie Mae, and the personal wealth of Fannie employees who received special mortgage deals from the lender...
--Reckless Endangerrment; pg 182
"Angelo Mozilo, thank you"--Governor Ricar(D)o Perry--Tuesday, December 14, 2004
