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shareholders

Judge Says Countrywide Officers Must Face Suit by Shareholders

Directors and officers of Countrywide Financial, the beleaguered mortgage lender, must answer shareholder accusations of insider trading and an overall failure to monitor lending practices that led to the company’s collapse, a federal judge in California has ruled.

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Countrywide CEO Steps Down, Cashes In and Leaves a Trail of Destruction

by Moe Bedard

Countrywide CEO, Angelo Mozilo is set to officially step down from his position Tuesday and hand over the keys to Bank of America. Ending a 4 decade long run where Countrywide went from a small fish start up in 1969 to the king of ther lending sea as the nations largest lenders and servicer today.

Angelo Mozilo went [...]

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Investigation into Mortgage CEO Compensation Expands

by Moe Bedard

countrwyide home loans – complaint forum for homeowners
As part of its ongoing investigation into executive pay, the Oversight Committee asked Countrywide Financial, Citigroup, and Merrill Lynch to provide documents relevant to the compensation of Angelo R. Mozilo, Charles Prince and E. Stanley O’Neal.
In addition, the Committee invited the chairs of the compensation committees at these companies [...]

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