"ALL CAPS IN DEFENSE OF LIBERTY IS NO VICE."

Thursday, June 04, 2009

DODD'S FRIEND AND SUPPORTER - COUNTRYWIDE'S ANGELO MOZILO - CHARGED WITH FRAUD

BBC:

Angelo Mozilo, former boss of Countrywide Financial, has been charged with civil fraud and insider trading by the Securities and Exchange Commission.

He is the highest profile executive to face charges relating to the US sub-prime mortgage crisis in 2007.

Bank of America eventually rescued the biggest US mortgage lender, buying it for $2.5bn (£1.5bn) in July 2008.

Mr Mozilo has denied doing anything wrong. Two other former executives have also been charged with civil fraud.

DODD SHOULD BE VERY WORRIED.

HE SHOULD RETIRE AND MOVE TO THAT IRISH COTTAGE.