Sunday, 7 June 2009

Subprime lender charged with insider trading

The SEC civil lawsuit against Angelo Mozillo has provoked a lot of excitement among American bloggers. Countrywide - the lender ran by Mozillo - was perhaps the greatest facilitator of the subprime bubble. Now, its payback time.

Could you imagine the UK regulators - the FSA - making a move on a UK banker?

1 comment:

dearieme said...

Probably depends whether he's a "friend" of Gordon Brown.