Angelo Mozilo Videos
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.
$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
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
Matt Jaffe with the business news Wall Street will be keeping an eye on today.
CEOs and Celebs: Making Big Bucks
Now we look at people who make a ton of money. CEOs of big companies and big names and entertainers. Who makes the most and who actually deserves it. Every year Forbes magazine prepares less of the world's richest people. Businesspeople and entertainment fans and stars paychecks keep rising Forbes
Obama Insider Resigns
Choosing a running mate is perhaps the most important issue facing Barack Obama between now and the Democratic Convention in August. Today the man Obama picked to lead his search resigned after questions were raised about his personal associations. And finances. Our senior political correspondent
The Worst CEOs
closer look tonight is that how some of America's biggest companies reward failure. The salaries paid to many chief executives often seem to defy gravity often rising higher as their companies flounder. Forbes magazine famous for its annual rankings of the world's richest people has compiled a list
Jump-Starting the Economy
Pretty much every poll right now shows that the economy is the top issue in this year's elections voters hoping a new president might do something to turn things around. The Federal Reserve has tried to jumpstart the economy by cutting interest rates five times in five months. But it hasn't worked
CEO's Mega Salaries
Congress wants to know why corporate titans earned so much amid mortgage mess.
Mortgage Mess Villains
Mortgage mess has reached new highs and for the first time since World War II the amount Americans go on the mortgages that amount is greater than what they've already paid off. while so many people feel the pinch others are making a profit. And they're being called the villains of the foreclosure