Discussion in 'Wall St. News' started by stock777, Oct 14, 2010.
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.
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