Angelo Mozilo & Chuck Prince Grilled Over Mortgage Fraud

Archive Video - Paul Kanjorski on mortgage origination fraud - May 2008

Clip has not been posted previously.  Second clip below with Henry Waxman grilling Mozilo over compensation, bonus and questionable stock sales.

Mozilo will not be wearing orange or getting a federal prison id number anytime soon...

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Video - Mozilo is grilled by Henry Waxman about sales of personal Countrywide stock as the company borrowed $1.5 billion to buy back shares - May 2008

Subpoena seeks records on sweetheart loans

A House committee chairman renewed efforts Wednesday to obtain names of current and former federal, state and local policymakers - including congressional colleagues - who received sweetheart mortgage deals from the former Countrywide Financial Corp.

The subpoena by Rep. Darrell Issa of the Oversight and Government Reform Committee makes it more likely that the records could be made public.

http://www.washingtonpost.com/wp-dyn/content/article/2011/02/16/AR2011021604808.html

Comments

[Howard T. Lewis III]

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