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Old 06-04-2009, 03:10 PM
 
Location: Virginia
9,825 posts, read 7,488,152 times
Reputation: 5778
Default News, SEC Charges Former Countrywide Executives With Fraud

Washington, D.C., June 4, 2009 - The Securities and Exchange Commission today charged former Countrywide Financial CEO Angelo Mozilo and two other former executives with securities fraud for deliberately misleading investors about the significant credit risks being taken in efforts to build and maintain the company's market share. Mozilo was additionally charged with insider trading for selling his Countrywide stock based on non-public information for nearly $140 million in profits.

SEC Charges Former Countrywide Executives With Fraud (http://money.cnn.com/news/newsfeeds/articles/djf500/200906041642DOWJONESDJONLINE000937_FORTUNE5.htm - broken link)
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Old 06-04-2009, 03:43 PM
 
Location: Olympus Mons, Mars
2,532 posts, read 4,032,770 times
Reputation: 1922
Fry him!
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Old 06-04-2009, 04:35 PM
 
Location: Hermoso y tranquilo Panamá
11,818 posts, read 5,131,755 times
Reputation: 46393
Quote:
Originally Posted by k374 View Post
Fry him!
Amen to that.
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Old 06-05-2009, 08:06 AM
 
Location: Barrington
17,259 posts, read 12,437,907 times
Reputation: 5665
I would rather see him sentenced to a work crew to clean up trashed CW- owned foreclosure homes. His specialty could be toilets, sans a brush and gloves.
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Old 06-05-2009, 09:50 AM
 
16,623 posts, read 12,921,127 times
Reputation: 11399
I think he should be forced to tour the country, giving elementary kids lessons on the dangers of skin cancer.
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Old 06-05-2009, 12:16 PM
 
180 posts, read 211,169 times
Reputation: 153
I'd rather see him forever broke, busted, penniless, etc...unable to even afford my 1400 sq ft home. That kind of sentence would probably have a profound effect on his life...forever.
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Old 06-05-2009, 12:24 PM
 
180 posts, read 211,169 times
Reputation: 153
I'd rather see him forever broke, busted, penniless...unable to even afford to purchase my 1400 sq ft home....a sentence like that should have a profound effect on his life forever.
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Old 06-05-2009, 01:59 PM
 
Location: Hermoso y tranquilo Panamá
11,818 posts, read 5,131,755 times
Reputation: 46393
Quote:
Originally Posted by gsfan View Post
I'd rather see him forever broke, busted, penniless, etc...unable to even afford my 1400 sq ft home. That kind of sentence would probably have a profound effect on his life...forever.
OK - I'm changing my vote. I think this would be a very appropriate sentence - along with other suggestions of cleaning toilets, roadside cleanup where you find all kinds of nasty and dead stuff. Let him live like that for the rest of his life.
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Old 06-05-2009, 04:58 PM
 
Location: Columbia, SC
6,903 posts, read 10,201,150 times
Reputation: 3451
Cleaning foreclosures for minimum wage for the next 20 years sounds like a great plan.
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