June 5, 2009

Angelo Mozilo. Mortgage Fraudster. Insider Trader. And Soon to be "Guilty as Charged".

You knew Angelo.

And we knew.

ERIC HOLDER - DO YOUR F*CKING JOB AND CHARGE THIS ORANGE THIEF WITH CRIMINAL MORTGAGE FRAUD. WE WANT FROG MARCHES. NOW.


14 comments:

Lost Cause said...

The criminal boss faces zero days in jail.

investorinpa said...

Keith,

LOVE that the whole website is in Orange!!

Do you think you can put up pinstripes going down the orange outline?

Anonymous said...

Money talks $$$$ and BullSH*T WALKS.

Which one YOU thinks wins in the land of the "FREE"????

In the news!!! Man steals a $1.99 can BEER and get 12 months in jail.....

and so we say JUSTICE for ALL!!??

Ross said...

It's pretty chilling to watch this video knowing that I was right in the middle of all this as a loan originator for their "A" Paper division. We all knew how ridiculous the standards were for the Pay Option ARMs and the point matching system. I once was allowed to waive 1.50 points to keep a 700k refi in house. That's almost 11k in fees. This was standard practice back in '06.

The training on the Pay Option ARM was pretty extensive. It seemed like overkill and many of us didn't believe in that loan or even understand it, but were forced to sell it anyway. Sometimes I wish I could go back to those days knowing what I know now.

Spotted Toad said...

Angelo Mozilo and Casey Serin should be executed.

Malemedic07 said...

My wife shook her head as tears welled up in her eyes as she watched this.... I felt bad showing it to her.

borkafatty aka the pig said...

The civil charges are a start but i want it all. Ill start the real celebration when hes found guilty in criminal court. That will be like my football team winning the Super Bowl. This is only the conference championship. Its a reason to get excited, but its not time for unchecked euphoria yet.

Paige Turner said...

RE: So, one of the criminals who helped put the US economy in the toilet is about to be strung up by his handlers...

Of course what I am about to propose is a totally unrealistic fantasy, but we need something around this BLOG to relieve the monotony associated with global economic collapse.

On my fantasy planet, there exists a New World Order which wants to control every aspect of human existence. This New World order consists of a very few elite families of trillionaire global bankers who have allowed their millionaire and billionaire underlings to destroy all of the economic systems of the world.

Starting with a totally-ficticous banking racketeer, Countrywide Godfather Angelo Mozilo, the millionaire and billionaire underlings will be stripped of their ill gotten gains, because their destructive work has now been completed.

Now that the entire global economic system has been destroyed, the billionaires are destroying the millionaires. After that, the trillionaires will destroy the billionaires.

The end result will be a world of dirt-poor slaves who are dominated by a few super-rich tyrannical dictators.

I must admit that this whole thing sounds like a bad movie script and is intended only to provide comic relief.

P.T.

will shill for coin said...

This bad fortune fallen on Angelo must mean some of the Countrywide employees stopped wearing their wristbands.

Bastards!

AuAgPb said...

Angelo Mozilo and Casey Serin should be executed.



I'll drink to that.

Anonymous said...

Don't worry too much about it just being a civil case. If I recall correctly (and there's not reason to believe that I'm right) civil cases get brought BEFORE criminal cases because the standard of evidence in a civil case is much more wide open than the standard of evidence in a criminal case. That way, the prosecutor in the criminal case lets the plaintiff in the civil case do all the work of actually investigating the "crime" and when it's all over, the prosecutor can just cherry pick the best bits and pieces.

Anonymous said...

hear that?....zero days in jail. get a clue.

Mike Hunt said...

My guess: evidence will pile up and be stored like the Enron case was... in WTC 7. Expect another 'terrorist' attack that destroys all the evidence.

Makes for a good conspiracy theory anyway.

-Mike

Glenda said...

Hey Keith, an Old HP'er here. Had to come check things out with you when I heard about Orangzillo being charged. We all loved hearing this, but I knew it meant the most to you as you were wondering the most if he might get away with it. Lots of satisfaction after all this time knowing he is gonna get his comeupens.