'Don' Mozillo one step closer to the noose

http://online.wsj.com/article/SB10001424052748703631704575552603458122306.html?mod=rss_whats_news_us

 

pays 67 mil not to be hanged

 

Crime does "pay" and "justice" can be bought. :eek:

 

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.

 

Fact is, what some of us think is 'white collar crime' is 'business' to the thinking of those who run things now.

 

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.

 

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