Search for: "Angelo R. Mozilo" Results 81 - 100 of 100
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5 Jan 2011, 7:09 am
The Post reports the system was the brain child of Angelo Mozilo, the founder of Countrywide Financial, which would become the nation's largest mortgage originator before imploding beneath the weight of its own questionable business practices at the start of the real estate meltdown. [read post]
15 Dec 2010, 6:18 pm
Thus far, no executives have been imprisoned in any part of the mortgage crisis -- even Angelo Mozilo of Countrywide. [read post]
15 Jul 2012, 7:49 pm by Kevin Funnell
In January 2008, after supervisors had repeatedly ignored his warnings, Lagow sent an email to Countrywide Chief Executive Officer Angelo Mozilo, according to the complaint. [read post]
5 Apr 2011, 8:11 am by Michelle Leder
Ben described this as being somewhat similar to the Angelo Mozilo case, in which the former Countrywide CEO tried to shield himself by claiming that his well-timed sales were just a matter of his 10b5-1 plan. [read post]
29 Sep 2008, 3:00 pm
Their names are familiar to most footnoted readers: Angelo Mozilo, Stan O’Neal, Mike Perry, Kerry Killinger, Jimmy Cayne and others who walked away with millions of dollars when things were going well, but have left the rest of us holding the proverbial bag. [read post]
12 Mar 2008, 5:49 am
Cracchiolo also got tax gross-ups (eat your heart out, Angelo Mozilo)! [read post]
14 May 2008, 4:21 pm
The suit, filed by the Arkansas Teacher Retirement System and several other investors against 14 of the company’s top officials, including CEO Angelo Mozilo, claims that — take a deep breath — the company shifted its strategy to originate non-traditional loans to risky buyers without getting assurance of their credit-worthiness, thereby increasing the company’s credit risk and hurting liquidity, and that the defendants breached their… [read post]
6 Jan 2011, 7:57 am
The Washington Post reports that the original electronic system was the brain child of Angelo Mozilo, the founder of Countrywide, which would become the poster child for the abuses of the mortgage industry as the real estate market imploded in 2007. [read post]
13 Feb 2009, 10:50 am
Okay, you've read stories about Angelo Mozilo, Joe Casssano, Ian McCarthy, Jimmy Cayne et al (trust me, you have). [read post]
22 Sep 2009, 7:22 pm
"Angelo Mozilo may have set the tone at Countrywide, but there is no way you're going to find his fingerprints on any of those mortgages. [read post]
1 Jun 2015, 3:09 am by Kevin LaCroix
Most senior corporate executive have a general understanding of the importance to them of their corporate indemnification rights. [read post]
9 Jun 2016, 3:28 pm by Kevin LaCroix
For example, following the SEC enforcement action involving former Countrywide Angelo Mozilo, in which it emerged that Mozilo had secured enormous profits by executing trades pursuant to four overlapping trading plans, it was proposed that the Rule should be modified so that there is only a single plan, rather than multiple plans. [read post]
13 Aug 2017, 2:46 pm by Kevin LaCroix
  Arguably the highest profile example of a case in which the existence of a Rule 10b5-1 trading plan faced substantial scrutiny is the 2009 enforcement action that the SEC brought against former Countrywide Financial Angelo Mozilo. [read post]
10 Jul 2012, 4:27 pm
 Cato's David Boaz today hits on one such example that Carney misses, Countrywide home loans: I was struck by this point in a Bloomberg report, about Countrywide CEO Angelo Mozilo’s close relationship with Fannie Mae chief executive Jim Johnson, former top aide to Vice President Walter Mondale and chairman of both the Brookings Institution and the Kennedy Center. [read post]
16 Dec 2010, 2:15 pm by Erik Gerding
Had Angelo Mozilo not pushed Countrywide deeper into riskier mortgages, some other firm would have taken its place. [read post]
19 Apr 2010, 5:22 am by Ashby Jones
The SEC, on the other hand, might have a motive to settle, partly that it’s tied up in other messy cases, including a fraud case against Angelo Mozilo, co-founder of former mortgage giant Countrywide Financial Corp. [read post]
13 Aug 2007, 8:43 pm
Angelo Mozilo, chief executive, said, "The mistake made by everybody, including the press here, was to take the entire book of business originated in '05 and the entire book of business in ‘06, made it static, and said that is going to reset in ‘08 and '09. [read post]
18 Jun 2009, 2:27 am
In a June 17, 2009 opinion (here), the Eleventh Circuit upheld the district court’s entry, in connection with the $445 million partial settlement of the HealthSouth securities action, of a bar order that extinguished Richard Scrushy’s contractual claims both for indemnification of any settlement he may enter in the case as well as for advancement of his legal defense costs. [read post]
1 Jun 2008, 10:07 am
 Indeed, concerns about Angelo Mozilo’s possible Rule 10b5-1 plan misuse were an important part of the court’s recent refusal to dismiss the Countrywide subprime-related derivative lawsuit. [read post]