Wednesday, May 13, 2009

SEC recommends Fraud Charges Against Mozillo


Indeed. I snapped this photo driving through Danville today.

From Clusterstock SEC Recommends Fraud Charges Against Countrywide's Mozilo

Among the issues the SEC is concerned with: The timing of Mozilo's stock cash-outs prior to the BofA sale. The SEC may not be good for much, but they sure know how to ding someone for well-time stock sales.