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Loan Modification

: Mortgage Lender Implode-o-Meter

If at first you don?t succeed, CRIME, CRIME again

By Implode-Explode Heavy Industries

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Last week, the Justice Department decided to end the criminal investigation of former Countrywide Financial CEO Angelo Mozilo. People close to the case say that the overall collapse in the mortgage market has made it too difficult to prosecute the actions of any one particular executive.

So, in other words, Mozilo got off for his role in creating the housing market bubble and sub-prime implosion that fed into the global financial meltdown of 2008, precisely because the meltdown was so large? Well, that?s certainly nice to hear, don?t you think?

Full post as published by Mortgage Lender Implode-o-Meter on February 27, 2011 (boomark / email).

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