"Countrywide's conduct has contributed to the high number of foreclosures in and caused significant harm to the public, the market, and scores of Illinois borrowers and homeowners"
- The State of Illinois, from their civil lawsuit announced today against Countrywide Toxic Mortgage and Angelo Mozilo
(Meanwhile, screwed Countrywide shareholders vote on unloading this cancer to BofA later today...)
[UPDATE - CALIFORNIA JUST FILED THEIR LAWSUIT AGAINST COUNTRYWIDE JUST NOW. TWO STATES NOW IN, 48 TO GO. AND THE NOOSE TIGHTENS...]
[UPATE 2] - WASHINGTON STATE TO FINE COUNTRYWIDE AND ALSO PULL THEIR LICENSE
[UPDATE 3] - DESPERATE COUNTRYWIDE SHAREHOLDERS, HAVING LOST ALMOST EVERYTHING THANKS TO INSIDER-TRADING MOZILO, APPROVE FIRE SALE TO BANK OF AMERICA. BUT B0fA MOST LIKELY GOING TO WALK AWAY FROM THIS CANCER. NO, MAKE THAT RUN AWAY.
[UPDATE 4] - ANYONE SEEN ANGELO? LAST I HEARD THERE WAS AN ORANGE MAN IN A WHITE FORD BRONCO ON THE WAY TO MEXICO.