CFC FBI probe

[turkeyneck]

NEW YORK (MarketWatch) -- Besieged subprime lender Countrywide Financial Corp. is being investigated by the Federal Bureau of Investigation for possible securities fraud, according to a news report Saturday.

http://www.marketwatch.com/news/sto...x?guid={4145FC3B-8CBC-4030-A8A8-FEE8B2C879F7}

 

[Thermactor]

angelo mozilo couldn't be reached for comment (he was tanning at the time the article went to press)

 

[mokwit]

Mozillo will be the token prosecution like Lay or Denis K, everyone else on Wall St will continue as before, barely glancing up from the trough if he is found guilty and sentenced. They will find another area that has not been regulated yet and push that.

 

[drsteph]

Quote from mokwit:

Mozillo will be the token prosecution like Lay or Denis K, everyone else on Wall St will continue as before, barely glancing up from the trough if he is found guilty and sentenced. They will find another area that has not been regulated yet and push that.

agreed.

 

[zdreg]

will the merger with bac happen?

 

[Deebee230]

Quote from Thermactor:

angelo mozilo couldn't be reached for comment (he was tanning at the time the article went to press)

 

[ganesh6]

Not good for tomorrow.