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Mon Dec-05-11 05:34 PM
Response to Original message |
| 37. Isn't it just horrible what all those unmoneyed people forced Countrywide to do? |
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It's just terrible that all those Countrywide executives were forced to lend money to poor people against their will because of a late 1970s change in federal mortgage law. It took 30 years, but the damage was finally done, and the executives at Countrywide only became multi-millionaires from pocketing all those fees and stuff. And now look at the mess the mortgage market is in! Lucky for those Countrywide people they were able to make small fortunes that will tide them over for a while.
I wonder if Countrywide's former executives need a bailout?
|
| -Ex-Countrywide Exec Blows The Lid Off The Systemic Fraud At The Company |
FarCenter |
Dec-05-11 10:15 AM |
#0 |
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Can't expect help from DOJ-they only do pot smokers from Calif.! |
dmosh42 |
Dec-05-11 10:34 AM |
#1 |
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DOJ. "Doing Our Job" Protecting our friends in high places. |
russspeakeasy |
Dec-05-11 10:43 AM |
#6 |
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Protecting corporate criminals and war criminals since Jan. 2001. |
OnyxCollie |
Dec-05-11 01:30 PM |
#18 |
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Yep, they'll point to DOJ after medical pot users and say see how well |
RKP5637 |
Dec-05-11 09:36 PM |
#47 |
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"Why isn't Angelo Mozilo in prison?" |
DCKit |
Dec-05-11 10:34 AM |
#2 |
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Plus, too many politicians on his "Friends of Mozilo" list getting cheap mortgages |
FarCenter |
Dec-05-11 10:38 AM |
#3 |
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Are you claiming that Dodd intervened in Mozilo's trial? |
banned from Kos |
Dec-05-11 10:40 AM |
#5 |
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There was no trial |
FarCenter |
Dec-05-11 10:51 AM |
#8 |
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But how did Dodd help Mozilo? |
banned from Kos |
Dec-05-11 11:04 AM |
#12 |
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How extensive was the immunity? Surely with a crime complex on this scale... |
JackRiddler |
Dec-05-11 10:43 AM |
#7 |
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+ a brazillion! |
Enthusiast |
Dec-05-11 02:52 PM |
#27 |
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His deal was with SEC, which does not do criminal, only civil charges. |
dixiegrrrrl |
Dec-06-11 05:28 AM |
#49 |
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The state AG's are at fault if anyone is. Mortgage origination law varies by state. |
banned from Kos |
Dec-05-11 10:38 AM |
#4 |
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It is not predatory lending; it is outright fraud |
FarCenter |
Dec-05-11 10:55 AM |
#9 |
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"federal law would have to be violated" ? |
russspeakeasy |
Dec-05-11 10:58 AM |
#10 |
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RICO |
Fuddnik |
Dec-05-11 11:09 AM |
#13 |
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Wire fraud. Falsifying applications on government backed (FHA, VA, USDA etc.) loans etc. |
Hassin Bin Sober |
Dec-05-11 04:18 PM |
#30 |
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Well, |
MFrohike |
Dec-05-11 06:17 PM |
#39 |
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Hello, the federal government can get involved in just about anything they want. |
rhett o rick |
Dec-06-11 07:56 AM |
#53 |
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The real fraud was probably in the sale of the lousy mortgages. |
No Elephants |
Dec-06-11 08:13 AM |
#54 |
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What a load |
ooglymoogly |
Dec-06-11 09:31 AM |
#60 |
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Criminal activity there? Yes. Give me(60 minutes) the names? No. Give names to a grand jury? Yes! |
Festivito |
Dec-05-11 10:59 AM |
#11 |
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She got canned JUST before the investigators were to |
Plucketeer |
Dec-05-11 02:04 PM |
#19 |
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k&r n/t |
Hotler |
Dec-05-11 11:27 AM |
#14 |
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Criminals. |
sarcasmo |
Dec-05-11 11:35 AM |
#15 |
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Get with the program. That's not the right question... |
Xtraneous |
Dec-05-11 11:39 AM |
#16 |
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The fraud starts in both parties that are corrupt |
JJW |
Dec-05-11 01:30 PM |
#17 |
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Plus one! nt |
Enthusiast |
Dec-05-11 02:59 PM |
#28 |
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K&R for answers, and the best creative excuses... |
midnight |
Dec-05-11 02:09 PM |
#20 |
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''Why isn't Angelo Mozilo in prison?'' |
DeSwiss |
Dec-05-11 02:13 PM |
#21 |
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What difference between today's capitalism and the Soprano's. .... ???? |
defendandprotect |
Dec-05-11 02:20 PM |
#22 |
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If you remember John Gotti, who they claimed was taking in 20 million a year... |
dmosh42 |
Dec-06-11 09:08 AM |
#57 |
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Give a man a gun and he can rob a bank.... |
Scruffy1 |
Dec-05-11 02:47 PM |
#23 |
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This means nothing - Calling her a "senior executive" is completely off base |
taught_me_patience |
Dec-05-11 02:48 PM |
#24 |
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K&R And fuck the banksters. |
EFerrari |
Dec-05-11 02:49 PM |
#25 |
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There was fraud in all these companies, not just Countrywide. |
Enthusiast |
Dec-05-11 02:50 PM |
#26 |
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You are correct. Countrywide WAS better at it though..... |
Hassin Bin Sober |
Dec-05-11 04:35 PM |
#32 |
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Unbelievable. nt |
Enthusiast |
Dec-05-11 05:21 PM |
#33 |
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I'll never forget the first time I saw Mozillo.... |
AnneD |
Dec-05-11 04:02 PM |
#29 |
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Bravo! |
chervilant |
Dec-05-11 07:47 PM |
#41 |
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We hail from the same city.... |
AnneD |
Dec-06-11 04:04 PM |
#61 |
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Thanks, AnneD |
chervilant |
Dec-06-11 10:25 PM |
#62 |
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Speaking as a School Nurse... |
AnneD |
Dec-07-11 08:59 AM |
#63 |
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You are |
chervilant |
Dec-07-11 11:47 AM |
#66 |
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Prison isn't for the major fraudsters in the corporate hierarchy: prison is for the little people: |
indepat |
Dec-05-11 04:30 PM |
#31 |
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Maybe |
lsewpershad |
Dec-05-11 05:21 PM |
#34 |
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More evidence that Americans hate Americans. |
gtar100 |
Dec-05-11 05:28 PM |
#35 |
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Anybody have a link to Bush's infamous "let corporations police themselves"? |
mistertrickster |
Dec-05-11 05:32 PM |
#36 |
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Isn't it just horrible what all those unmoneyed people forced Countrywide to do? |
gratuitous |
Dec-05-11 05:34 PM |
#37 |
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Even well before the 2008 crash, everyone knew Countrywide was as shady as thy come. |
No Elephants |
Dec-05-11 06:00 PM |
#38 |
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DOJ is busy busting 78 year old cancer patients for pot.... |
lib2DaBone |
Dec-05-11 06:37 PM |
#40 |
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I worked in the consumer finance division of citigroup |
citizen blues |
Dec-05-11 07:54 PM |
#42 |
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If the Feds or the States are Not Bringing Suit, |
On the Road |
Dec-05-11 08:15 PM |
#43 |
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eh, no worries on that |
Celebration |
Dec-05-11 08:42 PM |
#44 |
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I always thought faking signatures on legal documents would land you in jail. Silly me. |
Kablooie |
Dec-05-11 08:58 PM |
#45 |
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Two branches in the Bay Area were shut down in '07 - found light tables in the back. |
bluesbassman |
Dec-05-11 09:25 PM |
#46 |
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not really breaking news though. |
BootinUp |
Dec-05-11 10:08 PM |
#48 |
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HUGE K & R !!! |
WillyT |
Dec-06-11 06:13 AM |
#50 |
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Where to begin? |
fasttense |
Dec-06-11 06:59 AM |
#51 |
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It's not only D of J. The SEC is a miserable failute anymore as well. |
No Elephants |
Dec-06-11 08:18 AM |
#55 |
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yeah, it seems like the SEC is there to PROTECT |
newspeak |
Dec-07-11 09:14 AM |
#64 |
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during the s&l scandal people went to jail |
madrchsod |
Dec-06-11 07:03 AM |
#52 |
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Dunno, but here is an interesting article comparising the lack of federal prosecutions now |
No Elephants |
Dec-06-11 08:26 AM |
#56 |
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our fed gov is breaking down---it's not just the military that's contracting, it's fed agencies, too |
wordpix |
Dec-06-11 09:24 AM |
#59 |
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I believe the junk bond king, michael milken |
newspeak |
Dec-07-11 09:24 AM |
#65 |
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this morning on the news in las vegas |
newspeak |
Dec-06-11 09:16 AM |
#58 |
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