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?
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1 comment:
Probably depends whether he's a "friend" of Gordon Brown.
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