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Angelo Mozilo Shakes Up Real Estate Portfolio

By toreyray on | From beverlyhillshousing.com
SELLER: Angelo Mozilo LOCATION: Thousand Oaks, CA PRICE: $3,400,000 SIZE: 6,238 square feet, 5 bedrooms, 5.5 bathrooms YOUR MAMAS NOTES: Yesterday, while mindin’ the necessary ps and qs for our discussion about the Thousand Oaks, CA mansion recently leased by phoenix-like pop phenom Britney Spears , we rather randomly ran across another, smaller mansion located behind the guarded gates of the well-heeled Sherwood County Club owned as per property records–and much to our pearl clutching...Read Full Story

Angelo Mozilo, Countrywide Ex-CEO, Settles With SEC For 67.5M

By bonekaku on | From almazyon.com
    LOS ANGELES Countrywide Financial Corp. co-founder Angelo Mozilo has concurred to a 67.5 million settlement to refrain trial on civil fraud and insider trading charges that alleged he profited from doling out risky mortgages while. Two other former Countrywide executives also settled before trial next week on charges filed by the Securities and Exchange Commission. But employment agreements that protect the men from lawsuits involving the unsuccessful lender mean Bank of USA Corp...Read Full Story

SEC Folds on Countrywide Debacle

By rjjrdq on | From rjjrdq.com
Well, it turns out that crime does pay after all. Just ask Angelo Mozilo. Not only did he destroy a company and toss a grenade onto the American economy, he profited handsomely for the effort. Former Countrywide CEO and co-founder Anthony Mozilo cut a deal with the Security and Exchange Commission (SEC), bringing an end to the government’s case against the world-class fraudster. Mozilo has agreed to pay $67.5 million in restitution for his role in the Countrywide meltdown, and the...Read Full Story

Angelo Mozilo: Get’s Away With It

By TheDoomNews on | From thedoomnews.com
This lowlife is the poster child of the Real Estate bubble.  One of the greatest snake oil salesmen of the entire Ponzi scheme – except for maybe, Madoff and many of our politicians.  He made over a Billion dollars wheeling and dealing his own brand of the not so distant savings and loan alchemy.  No-Doc loans, the more the better; he knew the government would buy them all through Freddie Mack and his sister. With his special relationships within government, Senators, Treasury Secretaries...Read Full Story

Countrywide co-founder tries to settle SEC charges

| From ap.org
Countrywide Financial co-founder Angelo Mozilo is reportedly in negotiations to settle Securities and Exchange Commission civil fraud and insider trading charges before next week's start of trial. The Los Angeles Times report, based on unidentified sources familiar with the case, says the 71-year-old Mozilo was in talks late Thursday. Trial for Mozilo, a key figure in the mortgage industry boom and bust, and two other former Countrywide executives is scheduled for Tuesday in Los Angeles . If...Read Full Story
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Top GOP Lawmaker Tied To Countrywide VIP Loan
Law360, New York (January 17, 2012, 10:29 PM ET) -- Former Countrywide Financial Corp. CEO Angelo Mozilo may have personally intervened to give a top Republican lawmaker a favorable home loan, according to a letter released Tuesday by the ranking member of ...  
From api.bing.com ()
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Angelo Mozilo expresses dismay about homeowners' plight
Former Countrywide CEO testifies before Congress in March 2008, well before all the you-know-what hit the fan (bear with the droning by a congressman for the first minute or two of the clip). Below is a snippet from the Justice Department complaint ...  
From api.bing.com ()
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Bank Of America Still “Reaping The Benefits Of What Countrywide Hath Sowed”
Remember, back in ’08, when Angelo Mozilo cried while telling a bunch of Countrywide shareholders that Bank of America, which had just bought the place, would “reap the benefits of what we have sowed“? Obviously that was was Moz-Speak for “you’re about to find out what it’s like to be forcibly sodomized for all eternity,”…  
From dealbreaker.com ()
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