Los Angeles (AP) - Angelo Mozilo, the founder, chairman and CEO of Countrywide Mortgage, the nation's largest mortgage lender, who says he committed no crimes at the scandal-ridden mortgage company, has been indicted on criminal charges and will be taken into custody later today, The Associated Press has learned.
The FBI and SEC have had Mozilo and Countrywide under investigation for various charges including insider stock trading, knowingly enabling mortgage fraud and various Sarbanes-Oxley violations for months, and the indictment was expected.
"The arrest of Angelo Mozilo if true is the beginning of the end for the corrupt Real Estate Industrial Complex" said NAR Chief Economist Lawrence Yun reached today by the AP in a phone interview. "We at the National Association of REALTORS(R) hope to see all of the guilty parties rounded up, including our disgraced former Chief Economist, David Lereah, along with most of our 1.2 million members. Mozilo should be just the start."
FBI spokesman Lirpa Loof would not confirm or deny the indictment, but did say that the FBI is actively pursuing investigations against thousands of mortgage lenders, bankers, realtors, appraisers and housing gamblers. He added that the FBI is delaying announcing indictments until the investigations can tie all of the companies, con artists and fraud back to the suspected mastermind and chief cause of the housing bubble and crash, Casey Serin of California, and that yes this was a parody (and originally published on HP 4.1.08)
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33 comments:
After years and years of everyday fool's day this isn't funny anymore. The government already wasted too many jokes (the economy is sound, our fundamentals are strong, mission accomplished, WMDs, etc) Unfortunately too many people did believe them, and unfortunately there are still many doing so...
What a sad commentary. True justice and accountability are now an April Fool's joke.
'
Keith,
You tried this one last year.
I wish it were true!
RayNLA
well done (again) keith...
Todd (formerly Danny Z)
Nice try! Hahahaha! I ain't no foo!
How come your arrest mozillo counter on the right didn't change to 'arrested'?
Chances are good you'll be publishing it on 1/4/10, too.
april fools
You had me going until Lawrence Yun hoped to see all the guilty parties rounded up.
Good one!
Thought you will be at the Financial Fool's Day demo.
Bush, Cheyney, Gonzals also to be indicted? Barney Frank, Nancy Pelosi resign? Congress to outlay lobbyists?
If we're gonna dream, let's DREAM
Sadly, I didn't believe this for a second. Not one.
I wish I could have.
Chances are good you'll be publishing this same joke on
4/1/10
4/1/11
4/1/12
4/1/13
4/1/14
4/1/15
4/1/16
4/1/17
4/1/18
4/1/19
4/1/20
...at which time you'll stop because by then Angelo will have died a free man,just as orangey and wealthy as ever, surrounded by his orangey and wealthy family....
There will be no justice.
Yeah, same April fools joke as last year. And probably next year too, depressing.
R U Serious? The day Angelo Mozilo really gets arrested we will all hear Keith yelling all the way across the pond. (or wherever the hell he is!)This site will be lit up like the 4th of July on steroids.
Hope that day comes soon but not holding my breath.
I am BULLETPROOF bitches.
barry o has a tin ear to the public, guess the teleprompter is telling him what he should be feeling..perp walks are needed...
Keefer,
Are you finally admitting defeat and recognizing your boy Obama and Holder aren't going to do a thing about Mozilo?
Soon as I saw it I smelled an April fool joke a mile away.
How about a fake arrest article on Casey Serin and Chris Dodd? Now that would be cool!
-Mike
Mitesh,
Oh, yes indeed you are a fool.
There is a tool called “Jaws of Life” that is used to extract people from smashed cars.
With a custom-made adapter, you may be able to put one of these to use EXTRACTING YOUR HEAD FROM YOUR ASS!!!
Good one.
OMG, Keith, I fell for it. I was actually cheering aloud when I saw the link.
Al Capone went to prison (where he died of an S.T.D.) because of "tax troubles". Let the tax evasion kung fu/mortal kombat fighting begin! Got get 'em Revenue Agent! Sic 'em tax boys. Nothing gets to these pricks more than the sight of a team of young turks from the I.R.S. who are trying to make their bones and move up the ladder at the agency coming through their door. Rot in tax hell Angie - you miserable soul sucking s.o.b. Take his fuckin' money.
Smug Bastard
Ya got me.
Smug Bastard - I was frothing at the mouth for a few minutes.
You had me going for a second.
Burn Baby Burn
BULLETPROOF
BEE OT CHEZ
well
for what it is worth more of madoffs cronies, associates, friends, family, distant or not are starting to get arrested, and as they start turning on each other I am sure one of them will turn states evidence on all of those that you want to see arrested and put in jail
so yes I am sure that mozillio among many others will all have a permanent stay at a luxurious hotel here in NY courtesy of the Federal Government
none of these thieves have been killed because the ones that were burned want to see them tortured and for the word to get out that to fleece anyone who is worth over 10 MM is a BIG no no
Good joke (again).
Looking forward to your coverage of the G20 riots.
You had me smiling for a moment....just for a moment....sigh.
I was believing it until I got to the Yun part.
You dirt rat!
Same joke every year. Doesn't get old. :)
We need a betting pool; is he gonna get arrested, or shot first?
Note: Not condoning the idea, but when everybody gets the feeling that these idiots are above the law, they may take things into their own hands.
Angelo will never be put on trial for anything, because a trial would implicate at least half of Congress, starting with pigs like Chris Dodd.
Hey Anonymous, *********
Why the negative vibes against Mitesh?
Just because Mitesh is smart, in-touch and has a good job?
Or, are you just another fvck head looking to get your ass kicked?
Why dont you get of your mother's computer and go apply for a job a Burger King? Or is that to difficult?
I wish...
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