Mozilo will not go to prison.
According to Los Angeles Times' sources, Angelo Mozilo has been the subject of a secret federal criminal investigation since 2008, and the 3-year investigation has now been officially closed with no indictments.
Video - Rand Paul on debt and deficits - ABC Subway Series
Jonathan Karl talks to Rand Paul about how he plans to cut spending by $500B and fundamentally change the way Washington works.
Much more inside.
Though Treasury likes to gloat about TARP funds having been paid back by the big banks, the banks have received a back-door bailout, of almost exactly the same size, that will never be paid back. Almost no one talks about it, and no one in government is even keeping track of it.
Editor's Note: Since TARP-loving Mitt is in the news again this morning...
Ron Paul vs. Mitt Romney - see the difference for yourself.
Bloomberg's Roger Lowenstein argues in "Wall Street: Not Guilty" that the outcry for Wall Street prosecutions is both misguided and dangerous.
Citing the misgivings of Charles Ferguson, Joe Nocera, The New York Times, NPR, Matt Taibbi and even Bernie Madoff, Lowenstein concludes:
Updated on May 14, 2011 at 9:18 PM by
Dr. Pitchfork
Updated on May 15, 2011 at 12:29 PM by
DailyBail
Updated on May 15, 2011 at 10:26 PM by
DailyBail
