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Last five years. $7.4 trillion. so this is about accountability for those who violated the law. this is about getting relief for those who have suffered. and it s also about getting the facts out so they cannot rewrite history. you listen to some of this dialogue going on, particularly in the republican presidential primary, they are pushing the same deregulation and let everyone play by their own set of rules stuff that blew up the economy in the first place. what bothers me when you look at someone like mozilo, the head of countryside talking subprime mortgages the most toxic product he d ever seen while pocketing $661 million. some of these criminally defrauded people and should be headed to jail. we just started the joint investigation last week. i can t comment on the details of specific cases. but there are three possibilities that we re pursuing. one is that there was conduct ....
Of course not! n 2010, he settled with the sec and was assessed a $67.5 million fine. that sounds bad, right? except, of course, he didn t really pay it. countrywide and bank of america paid $45 million of it, meaning that he made less than 5% of the money that he had made from countrywide. got away with it with nearly $500 million in the bank. and on february of 18 of this year, the los angeles time reported that the feds shelved their criminal investigation into mozilo and apparently determined his actions didn t amount to criminal wrongdoing. so there s no indictments for mozilo or any top countrywide executives. that s outrageous. he s walking away incredibly rich even though he knew the stuff was toxic and poison, right? that means they went and got nobody, right? nobody, not true. turns out they did get somebody. look who s behind bars. ....
Many people have done and many people lost money as engel did. engel also mentioned that he had a liar loan his broker had written down. they re like a ha! we got him, finally after all the dumpster diving. there were two mortgages in particular, right? one claimed he made $15,000 a month. and he made $180,000 for the whole year. so he did make $15,000 a month. the other said he made over $32,000 a month, which he didn t. now, engel said he didn t know about that $32,000 claim. now jurors kind of believed him, kind of didn t believe him and got confused. they found him not guilty of pro-i had vooing false information to the bank, which means he shouldn t be guilty of mortgage fraud of but they found him guilty of mortgage fraud anyway. are you ready for this? he s serving 21 months in prison. so mozilo, none of those guys get a prison sentence but this guy is in prison for 21 months. and you know who owns the loan? countrywide, now owned by bank of america. when he gets out, he s got t ....
That opportunity as soon as we abolish inheritance tax in this country. that s fantastic. yeah, i d like that opportunity, too, but you just find a really rich grandma like raese had. raese was apparently seeking to give voice to a very small few. last year 99.75% of all americans were not affected by their state tax. raese s own worth as the charleston daily mail reports could be as much as $79 million. the median income in west virginia just $38,000 a year. which brings us to angelo mozillo, ceo of countrywide. he d given deals to lawmakers of both parties with his so-called friends of angela program. he was charged with insider trading and securities fraud. no trial, no jail time. just a fine. $65.5 million fine. which is to most people a lot of money. but for mozilo who reportedly ....
Abolish inheritance tax in this country. that s fantastic. yeah, i d like that opportunity, too, but you just find a really rich grandma like raese had. raese was apparently seeking to give voice to a very small few. last year 99.75% of all americans were not affected by their state tax. raese s own worth as the charleston daily mail reports could be as much as $79 million. the median income in west virginia just $38,000 a year. which brings us to angelo mozillo, ceo of countrywide. he d given deals to lawmakers of both parties with his so-called friends of angela program. he was charged with insider trading and securities fraud. no trial, no jail time. just a fine. $65.5 million fine. which is to most people a lot of money. but for mozilo who reportedly made half a billion dollars ....