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How The Roof Fell In On Countrywide
Oleh:
Mclean, Bethany
;
Nocera, Joe
Jenis:
Article from Bulletin/Magazine
Dalam koleksi:
Fortune vol. 162 no. 8 (Nov. 2010)
,
page 88-93.
Topik:
Hebirth of Mortgage
;
Mortgage Originators
Ketersediaan
Perpustakaan Pusat (Semanggi)
Nomor Panggil:
FF16.44
Non-tandon:
1 (dapat dipinjam: 0)
Tandon:
tidak ada
Lihat Detail Induk
Isi artikel
It was one of the more hotly anticipated shows of the fall. On Oct. 18, the trial of Countrywide's former CEO, Anggelo Mozilo, along with David Sambol, its president, and Eric Sieracki, the CFO, was set to begin. Mozilo has been publicly excoriated as one of the real villains of the subprime scandal-and the case against him was one of the few the government has brought in the wake of the financial crisis. But almost on the eve of trial, the two sides announced that they'd settled, with Mozilo agreeing to pay a $67.5 million penalty and reparations to investors, and accepting a permanent ban from serving as an officer or director of a public company. (Sambol and Sieracki agreed to far lesser penalties.)
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