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06-04-2009, 03:10 PM
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Location: South Georgia
8,319 posts, read 5,577,787 times
Reputation: 4453
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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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06-04-2009, 03:43 PM
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Location: Olympus Mons, Mars
2,284 posts, read 3,125,611 times
Reputation: 1641
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Fry him!
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06-04-2009, 04:35 PM
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Location: Hermoso y tranquilo Panamá
10,751 posts, read 3,871,615 times
Reputation: 43458
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Quote:
Originally Posted by k374
Fry him!
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Amen to that. |
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06-05-2009, 08:06 AM
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Location: Barrington
10,015 posts, read 8,384,758 times
Reputation: 4256
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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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06-05-2009, 09:50 AM
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13,097 posts, read 9,028,838 times
Reputation: 9349
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I think he should be forced to tour the country, giving elementary kids lessons on the dangers of skin cancer.
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06-05-2009, 12:16 PM
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167 posts, read 161,433 times
Reputation: 148
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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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06-05-2009, 12:24 PM
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167 posts, read 161,433 times
Reputation: 148
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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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06-05-2009, 01:59 PM
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Location: Hermoso y tranquilo Panamá
10,751 posts, read 3,871,615 times
Reputation: 43458
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Quote:
Originally Posted by gsfan
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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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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06-05-2009, 04:58 PM
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Location: Columbia, SC
6,558 posts, read 7,904,923 times
Reputation: 3092
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Cleaning foreclosures for minimum wage for the next 20 years sounds like a great plan.
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