Topic: Angelo Mozilo

OUR MOLLY

The article reports that " BUSH: The House tackled Richard Nixon deep in his second term; articles of impeachment were fi led against Harry Truman for seizing steel mills nine months before his presidency fi nished; the Senate considered removing Andrew Johnson ...
Former CEO of Countrywide Financial cites inaccuracies in SEC suitThe former CEO of Countrywide Financial Corp. is asking for the dismissal of the federal government's civil-fraud case against him, citing distorted evidence and the omission of company disclosures, according to a published ...

Outrageous: Worst of America

The Boom-Time Bums These operators capitalized on regulatory gaps and used financial gimmicks to engineer quick profits and inflate share prices. Joe Cassano As president of AIG's financial products division, Cassano pioneered the insurance giant's sale of credit-default swaps, which allowed investors ...

When Lenders Ignore Credit Scores

We talk about credit scores a lot around here, mostly because consumer risk is so much at the root of what went wrong with mortgages and credit cards. The FICO score is the most commonly used way for lenders to measure consumer ...
Ex-Countrywide CEO, big mortgage market player Angelo Mozilo charged by SEC with civil fraudAngelo Mozilo, the man who rode the housing boom to build Countrywide Financial Corp. into a California colossus of high-risk mortgage lending, has been charged with civil fraud and ...

U.S. prosecutors far from decision on Mozilo: sources

LOS ANGELES (Reuters) - Prosecutors are at least several months away from deciding whether to bring a criminal case against Countrywide Financial Corp founder Angelo Mozilo, the home loan entrepreneur expected to be hit soon by regulators with civil charges of insider ...
How much will the credit orgy of the last 4 years end up costing the financial sector? Before I review my models, let me define "credit losses" as all abnormal losses from bad mortgages and consumer credit. The one assumption that I ...