The Fed's Big Fish

[Irvinecommuter]

Looks like the Orange Man is going to be in the Fed's crosshair.

Countrywide Financial Corp. co-founder Angelo Mozilo hasn?t entirely escaped prosecutors? wrath for his company?s risky lending. A U.S. government task force wielding an innovative legal strategy plans to bring a civil case against him over the excesses of the subprime-mortgage boom.

http://www.bloomberg.com/news/2014-08-20/countrywide-s-mozilo-said-to-face-u-s-suit-over-loans.html

 

[sgip]

Tangelo will never see a day in prison (IMHO). He knows where all the oompa loompa bodies are buried.

I'd love to be proved wrong, as perp walks are well overdue.

My .02c

 

[Irvinecommuter]

Tangelo will never see a day in prison (IMHO). He knows where all the oompa loompa bodies are buried.

I'd love to be proved wrong, as perp walks are well overdue.

My .02c

Yeah.  It's a civil matter so we're just talking about money.  It will probably settle anyways.