Make a Poor Investment? Just Sue Someone!
Florida Attorney General subpoenaed Countrywide Financial today as a part of a widening investigation into subprime lending practices.
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Florida Attorney General subpoenaed Countrywide Financial today as a part of a widening investigation into subprime lending practices.
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This acquisition is another major investment for Bank of America who has spent more than $100 billion since 2004 becoming the second largest bank.
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Angelo Mozilo, Countrywide Financially CEO, announced today in an opinion piece in the Wall Street Journal that he felt Congress should increase Fannie Mae, Freddie Mac, and FHA loan limits to $625,000.
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Angelo Mozilo, Countriwide Financial’s CEO, confirmed today that the US Securities and Exchange Commission has opened an informal inquiry into his stock sales.
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Angelo Mozilo, Countrywide’s co-founder and CEO, is under investigation by financial regulators for selling 130 million dollars with of shares at the start to the subprime crisis which crippled the industry over the summer. Wall Street Journal reported last night that the Securities and Exchange Commission has begun an informal inquiry into trades.
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