Update: Super Tan Man with Subprime Housing Plan gets slammed: Countrywide’s Angelo Mozilo sued by SEC for insider trading and investor fraud…

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Breaking: Super Tan Man wit... from moderateinthemiddle.wordpress.com
Breaking on Bloomberg:”  Countrywide’s Mozilo sued by SEC for Duping Investors and Insider Trading”Angelo in August 2007, when BofA bailed out Countrywide:well Finally!! if one person can be a cog in the wheel of the subprime meltdown it is Angelo pinstripe suit Mozilo, this will look just great for Chris VIP friend of Angelo Dodd [...]
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Jun 4, 2009
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Update: CNBC has linky to the complaint by SEC here …Mozilo sold hundreds of millions in Countrywide stock in late 2006 and 2007 and is accused of remaining publicly upbeat about his company’s prospects during a period when he knew things weren’t going well for the firm. The SEC put the tally of his profits at [...]
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