A Greedy Banker Called To Task For Dishonesty (Fraud)

It warms the cockles of the heart of this honest taxpayer to learn that Angelo Mozilo, former CEO of Countrywide Bank has become the target of a federal law suit launched by the SEC.

As reported by E. Scott Reckard and Jim Puzzanghera in the Los Angeles Times today.

Why stop at a civil action, why can’t Angelo suffer the same fate as Bernie Madoff?  Angelo has extracted probably in excess of $500 million from the one time value of Countrywide for his own personal gain.  Can we get a clawback going here?  Or maybe have Angelo spend some time in a federal pen, and lose his tan.  And then maybe some tar and feathers after parole?

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