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Published: 2014-07-04 15:11:32 +0000 UTC; Views: 748; Favourites: 6; Downloads: 8
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Description
Angelo Mozilois an American businessman, he has a net worth of $600 million. Angelo Mozilois has earned his net worth as former chairman of the board and chief executive officer of Countrywide Financial until July 1, 2008. Condé Nast Portfolio ranked Mozilois second on their list of "Worst American CEOs of All Time".Over many years, Mozilo sold hundreds of millions of dollars in stock personally, even while publicly touting the stock and using shareholder funds to buy back stock to support the share price. On June 4, 2009, the U.S. Securities and Exchange Commission charged him with insider trading and securities fraud. Perhaps more than any single individual, Mozilo has come to symbolize, and bear the blame for, the subprime mortgage crisis. Mozilo agreed to pay $67.5 million in fines and accepted a lifetime ban from serving as an officer or director of any public company. It is the largest settlement by an individual or executive connected to the 2008 housing collapse.
So millions of individuals loose their homes and their livelihoods This bastard hangs onto his money. He should be made to hand over every cent... but it will never happen. Corruption all the way through.
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Comments: 6
happymouse666 [2014-07-11 16:35:26 +0000 UTC]
Do you remember the Saving and Loan crash in the 90's? Oh yeah then it was the Real Estate Bubble and wall street in the 00's. Same crap different decade. What will be the name of the next scam?
This is the state of the "New World Order." The Rich get richer and no one else gets a raise. We fight wars that only help the bottom line of Exxon not the humans. Children starve in Syria while the media and the goverment want to save oil fields in Iraq. In war the only losers are the poor. In America today workers of Mc Donalds protest for a living wage and are arrested. Wall Street protesters are forcibly removed and corporate media barely covers either. Republicans don't want to feed poor school children and want to send back children to El Salvador. They spend Billions on a wall to stop "illegal immigrants." They don't even want us to have health care. They claim all of this cost to much and leads us into Socialism. Yet most of our tax dollars go to the military over 80%. Why? To protect American business interests over seas. Not to protect Democracy. America is not a Democracy. This is the state of union. The rich and their companies have invaded our government. It has always been this way, from Railroad Barons to oil companies.
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Flockhart In reply to happymouse666 [2014-07-11 21:08:09 +0000 UTC]
Yeh same old same old happymouse - Nothing ever seems to change. now there's trillions of debt thanks to "quantitative easing" like PRINT MORE MONEY lets bailout the banks - bailout!!!! so yeh the rich get richer and the divide between the rich and poor gets wider by the day.
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happymouse666 In reply to Flockhart [2014-07-15 19:50:54 +0000 UTC]
The thing that got really p.o.-ed yesterday was the sending orphan kids back to central America. WTF? We should send John McCain back to the Veit-Con!
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leothefox [2014-07-05 16:45:39 +0000 UTC]
Yep, dudes like this destroy democracy and keep the invisible chains on the workers.
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ZS3 [2014-07-04 15:42:32 +0000 UTC]
A pox upon him and all who knowingly and willingly support him.
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