Too delicious ! BOA has to pay Countrywide CEO's legal fees.

[dixiegrrrrl]

Mozillo, the CEO of Countrywide ( until Countrywide was sold to BOA ) has been charged by SEC for
insider trading, fraud., etc. but apparently BOA owns Mozillo's legal bills too.
And them Wall Street lawyers ain't cheap.

http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=385x324215

[BlooInBloo]

1. Heh. Sounds good now, but wait until they distribute the cost to their customers.

[dixiegrrrrl]

2. I am so surprised to find a lot of people here still bank with BOA.

and the other crooked banks.

[BlooInBloo]

3. Inertia mostly, I would guess. That, or they're locked in, in some fashion...

(like via a mortgage or something)

[DJ13]

5. Its like trying to not catch a virus

Sometimes the contagion grows too fast to avoid it.

I closed my BofA accounts 4 years ago, then they bought Countrywide and now I have to deal with those asshats on my mortgage.

The "too big to fail" banks are using the TARP bailout as a way to finance their own growth instead of loosening the credit that the bailout was intended to do.

[DCKit]

4. By extension, *we'll* be paying Mozillo's legal fees. n/t