The Tan Man Angelo Mozilo In Denial As Feds Move In

Countrywide’s Mozilo still asserts innocence in mortgage crisis According to regulators, Countrywide didn’t tell investors it was creating increasingly risky mortgages, while Angelo Mozilo expressed doubts to colleagues. By Max Abelson Bloomberg News Angelo Mozilo cannot believe it. Six years after he lost control of the largest mortgage lender in the U.S., and days after news […]

Bank of America Seeks To Void Verdict In $1.27B ‘Hustle’ Case

Nate Raymond, Reuters NEW YORK, Aug 28 (Reuters) – Bank of America Corp on Thursday asked a federal judge to throw out a jury verdict finding it liable for fraud over defective mortgages sold by its Countrywide unit that resulted in a $1.27 billion penalty. The bank urged U.S. District Judge Jed Rakoff in Manhattan […]

Countrywide Hustler Named In “Hustle” Lawsuit

Mark Gongloff, Huffington Post The U.S. government has sued a specific individual in a major case alleging fraudulent subprime mortgage sales in the lead up to the financial crisis. Rebecca Mairone, formerly a top official at Countrywide Financial, has been named in an amended complaint filed earlier this month by Preet Bharara, the U.S. Attorney for […]

Mitt Romney Advisor Took $1200 an Hour to Be Countrywide’s Expert Witness

Matt Taibbi, Rolling Stone Karma is a bitch. Just ask Glenn Hubbard. A few months ago, the Dean of Columbia’s business school was a leading economic advisor to Mitt Romney and a rumored (perhaps even consensus) candidate for the Treasury Secretary job. Now Romney’s out of the presidential picture and Hubbard – well, he’s just yet another […]

Is It The Onset Of Alzheimer’s Or Is BofA Chairman Brian Moynihan Stoned?

Bank of America CEO Brian Moynihan Apparently Can’t Remember Anything Matt Taibbi, Rolling Stone Thank God for Bank of America CEO Brian Moynihan. If you’re a court junkie, or have the misfortune (as some of us poor reporters do) of being forced professionally to spend a lot of time reading legal documents, the just-released Moynihan deposition in MBIA […]

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