T-minus ? until Countrywide goes under.. . .

NEW -> Contingent Buyer Assistance Program
<a href="http://mortgage.freedomblogging.com/2009/05/13/mozilo-may-face-civil-charges/10415/">The SEC is <em>this</em> close to formally filing civil charges against Mozilo.</a>



Going to see if I can find the WSJ article for free.
 
LA Slimes ran it too



<a href="http://www.latimes.com/business/la-fi-mozilo14-2009may14,0,2943468,full.story">SEC staff recommends civil fraud charges against Mozilo of Countrywide</a>
 
[quote author="morekaos" date=1242335689]LA Slimes ran it too



<a href="http://www.latimes.com/business/la-fi-mozilo14-2009may14,0,2943468,full.story">SEC staff recommends civil fraud charges against Mozilo of Countrywide</a></blockquote>


How long till criminal charges?
 
Let the Perp walks begin. Just like in the 90's. Our own Charles Keating



<a href="http://finance.yahoo.com/news/SEC-charging-exCountrywide-apf-15442116.html?sec=topStories&pos=main&asset;=&ccode;=">SEC charging ex-Countrywide CEO Mozilo with fraud</a>
 
More finger pointing and blame...there will be more, just like the 90's.



<a href="http://finance.yahoo.com/news/CEO-says-US-pressured-bank-to-apf-15501472.html?sec=topStories&pos=main&asset;=&ccode;=">CEO says gov't pressured bank to buy Merrill Lynch</a>
 
[quote author="morekaos" date=1241134426][quote author="morekaos" date=1240264044][quote author="morekaos" date=1200159415]Lewis head should be on a pike along with the heads of Citi, Merrill, Bear Stearns, and HSBC. He is an idiot. His losing bet at 2 billion had to be saved by this. Idiots, pride and arrogance got us to where we are. Off with thier heads!</blockquote>


It's a start...



<a href="http://www.latimes.com/business/la-fi-lewis18-2009apr18,0,7943520.story?ref=patrick.net">Ken Lewis' ouster as Bank of America chairman urged</a></blockquote>


Now off with his head!!!



<a href="http://online.wsj.com/article/SB124101668502368771.html?ru=yahoo&mod=yahoo_hs">Lewis Ousted as BofA Chairman </a></blockquote>


Justice



<a href="http://money.cnn.com/2009/09/30/news/companies/bank_of_america_ken_lewis_resigns/index.htm?postversion=2009093018">bank_of_america_ken_lewis_resigns</a>
 
And what kind of Justice is getting 53 Million ?



<a href="http://money.cnn.com/2009/10/01/news/newsmakers/lewis.payout.fortune/index.htm">http://money.cnn.com/2009/10/01/news/newsmakers/lewis.payout.fortune/index.htm</a>



Countrywide is absorbed by BofA. All the Toxic Debt is paid by the Taxpayers and

then the BofA CEO gets 53 Million.



What an epilog for this thread.
 
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