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28 Feb 2011, 8:16 am by admin
    What did Angelo Mozilo know, and when did he know it? [read post]
18 Feb 2010, 6:49 am by admin
  That’s what they did – just at the moment that many (like Angelo Mozilo) were dramatically reducing their exposure to subprime lending, the GSEs increased theirs. [read post]
22 May 2008, 2:15 am
I blogged about reports of the SEC's interest in Countrywide CEO Angelo Mozilo's use of Rule 10b5-1 plans last Fall, and his trades under 10b5-1 plans were a topic of great interest during the hearing before the House Committee Oversight and Government Reform earlier this year. [read post]
21 Feb 2009, 5:03 pm
For instance, what of the ethical investigations into Senators Kent Conrad and Chris Dodd over their shady dealings with Countrywide CEO Angelo Mozilo? [read post]
2 Mar 2008, 5:26 pm
Scheduled to testify, presumably to justify their compensation, are Angelo Mozilo, CEO of Countrywide, E. [read post]
15 Jan 2008, 3:00 pm
There’s an even hotter ticket a few days later in Washington D.C. when the House Committee on Oversight will call what we’ll politely call “The Three Blind Mice” — that would be Countrywide (CFC) CEO Angelo Mozilo, former Merill (MER) CEO Stan O’Neal and former Citi (C) chief Chuck Prince — to explain why they deserve hefty severance packages, given their companies’ performance in the subprime crisis. [read post]
17 Feb 2011, 5:00 am
The two executives, Angelo Mozilo and David Sambol, were accused of luring buyers into mortgages they could not afford by offering low teaser rates, imposing large prepayment penalties, failed to fully inform buyers of the downside of adjustable-rate mortgages, etc. [read post]
25 Jun 2008, 9:16 am
Countrywide CEO Angelo Mozilo speaks during a panel discussion on the subprime fallout in Beverly Hills, California, October, 2007. [read post]
16 Aug 2009, 7:51 am
” Yet, on orders of Countrywide CEO Angelo Mozilo, the company in 2003 cut a half-point off the interest rate on Dodd’s $750,000 loans, saving him $75,000. [read post]
19 Jan 2009, 7:39 am
Look at the likes of Angelo Mozilo of Countrywide Financial, whose unbridled lending excesses helped trigger the mortgage meltdown; former Merrill Lynch CEO Stanley O'Neal, and Charles Prince, the former CEO who paved the way for Citigroup's precipitous tumble. [read post]
24 Jul 2008, 4:22 pm
In the case of Countrywide, the sources said, investigators have also begun looking into news reports that the firm and its former chairman, Angelo Mozilo, gave mortgage breaks to members of Congress and other influential 'friends of Angelo.' The investigations are part of a coordinated Justice Department effort that until now has focused primarily on smaller operators suspected of defrauding homeowners and mortgage lenders. [read post]
13 Jun 2008, 2:26 pm
The Democratic pols, Chris Dodd of Connecticut and Kent Conrad of North Dakota, both received the highly favorable loans under the designation "Friend of Angelo," a reference to embattled Countrywide head Angelo Mozilo, Condà © Nast Portfolio reported. [read post]
2 Nov 2007, 7:31 am
In a style reminiscent of the executives of Enron lore, CEO Angelo Mozilo propped up Countrywide's stock price on a shaky foundation of dubious subprime loans, then pocketed millions by selling his shares just months before the subprime crisis hit. [read post]
24 Sep 2011, 8:30 am
The first in a two-part series, the article describes a corporate culture where it is highly possible that the only honest man was Angelo Mozilo, the embattled former CEO of Countrywide. [read post]
27 Feb 2011, 7:32 am by Mandelman
Last week, the Justice Department decided to end the criminal investigation of former Countrywide Financial CEO Angelo Mozilo. [read post]
29 Mar 2011, 11:56 am by Justin McLachlan
"His punishment stands in stark contrast to that of the Countrywide chief executive Angelo Mozilo, who personally pulled in millions of dollars from his company's embrace of low-documentation loans like Engle's," says the Huffington Post. [read post]
10 Mar 2008, 8:57 am
I've been lackadaisically browsing the testimony from Friday's executive compensation hearings just in case California Congressman Henry Waxman unearthed anything that we in the left-wing antibusiness press (bugbear of Countrywide CEO Angelo Mozilo) didn't already know about. [read post]
19 Apr 2010, 9:26 am by Ashby Jones
The SEC additionally accuses Mozilo of insider trading of Countrywide stock. [read post]