Thursday, June 4, 2009

I Am Shocked!

Shocked!  The former CEO of Countrywide Mortgages, Angilo Mozilo,  has been civilly charged by the Securities and Exchange Commission (note, not criminally charged) with fraud and insider trading (that is selling off stocks based on information you have because of your position in the company that no one else has, as in, this company is going down so I need to get rich now...think Ken Lay telling his employees to buy Enron while he was selling).  

Not that I advocate for retribution, but with all the financial hanky-panky that went on during the most recent financial industry led boom, some folks must be "brought to justice," as they say.  Perhaps this is the tip of the ice berg.  And maybe, just maybe, there will be subsequent criminal charges.

Plus, what is up with that sun tan anyway?

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