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Countrywide Buys Homeowner’s Silence Over Angelo Mozilo’s “Disgusting” Email

by Moe Bedard

Welcome to the new way of putting muzzles on homeowners that can shed some light on Countrywide’s widely known practice of customer abuse. Fix their loan in record time, give them a deal they could have never have thought of in their wildest dreams and make them sign a confidentiality agreement.
Such as the case of [...]

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BofA CEO sees more consolidation in bank industry

by Moe Bedard

 The head of the nation’s largest consumer bank says the ongoing U.S. economic downturn will accelerate consolidation in the banking industry.
Bank of America Corp. (nyse: BAC – news – people ) chief executive Ken Lewis spoke Thursday to business students at New York University. He said the nation’s financial service companies are likely to come [...]

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