'Don' Mozillo one step closer to the noose

Mozillo is not going to be enough to satisfy me. I want to see Ken Lewis go to jail. I will crack the Don Perignon when that happens.
 
Quote from Cdntrader:

I faintly recall that he made 120 mil. Still net 50+M..not a bad take.

This is meaningless to Mozilo. BAC pays most of his fine as per a contract when they bought Countrywide.

And the SEC lets him walk without admitting any fault.

What a joke. A complete farce.
 
Quote from lindq:

This is meaningless to Mozilo. BAC pays most of his fine as per a contract when they bought Countrywide.

And the SEC lets him walk without admitting any fault.

What a joke. A complete farce.

SEC fine booked under SG&A i.e. normal business expense rather than as an extraordinary item.
 
Back
Top