Angelo Mozilo News
Crime and Punishment: Record $16.6 Billion Settlement in Banking
No criminal charges filed against bankers, record penalty paid by Bank of America in mortgage mess.
Bank of America (BAC) Makes Whopping Mortgage Settlement
Morning Money Memo: Today’s Bank of America settlement with the federal government is a record. The nearly $17 billion deal resolves an investigation into allegations the bank misled purchasers of mortgage-backed securities before the 2008 financial crisis. The settlement is the largest ever ...
$350 Million Fine for Countrywide
The average American home lost nearly a quarter of its value since the housing market collapsed. And today the company most responsible for the mortgage meltdown a big price 300 million dollars the largest fine ever of its kind. But ABC's Jim Havel asked tonight if even that giant high enough. The
Crisis inquiry panel calls recession avoidable
A congressionally appointed panel reported Thursday that the financial crisis that set off the Great Recession was avoidable, casting a wide net of blame over regulators and financial giants alike. The report — the government's first comprehensive review of what caused the crisis — offers a
Rescued Chilean Miners Take Pledge
Good evening on this Friday night a perfect conclusion to this joyful and dramatic week in Chile. All but two of the lost 33 the miners have left the hospital where they've been recuperating. Emerging into sunlight the spotlight and the rest of their lives. And we also heard today they've taken a
Justice Department Reviewing SEC Case Against Goldman Sachs
Govt. Sources: DOJ Reviewing Whether SEC Case Warrants Criminal Investigation
Matt Jaffe with the business news Wall Street will be keeping an eye on today.
Sen. Chris Dodd Announces Retirement From Senate, Will Finish Term
Veteran Democratic Senator Defends Public Service Record, Calls Talk of Defeat 'Absurd'
Top 10 Insider Trading Cases
Raj Rajaratnam Is Latest in Long Line of High-Profile Insider Trading Cases
Why Bank of America's Ken Lewis Will Take Home More Than Peers
Lewis' Retirement Pay Is More Than That of Several Other Bank CEOs Combined; Will Pay Czar Feinberg Limit It?