Countrywide Bank CEO Mazilo Charged With Fraud

The Securities and Exchange Commission announced on Thursday it has filed civil-fraud charges against former Countrywide Financial CEO Angelo Mozilo in what would be the highest-profile government legal action against a chief executive that has arisen so far from the financial crisis. Mozilo was charged with “deliberately misleading investors about the significant credit risks being [...]

Is the “false recovery” faltering? “Rally’s fate hinges on Fed, home sales”, Yet, “unlikely that housing wealth will drive consumer spending in the next decade – Reuters/University of Michigan Survey

A “distressingly slow” U.S. housing recovery, with inflation-adjusted home values expected to decline over the next five years, unlikely that housing wealth will drive consumer spending in the next decade, a Reuters/University of Michigan survey found.

Allan Stanford, Biden Family Business Associate, Arrested In $8 Billion Dollar Ponzi Scheme

Billionaire Stanford to Appear in Federal Court Texas billionaire R. Allen Stanford, chairman of the troubled Stanford Financial Group, is set to appear in federal court Friday on fraud charges after surrendering to FBI agents in Virginia the day before, officials said. At least five individuals, including Stanford, have been arrested following a sweeping federal [...]

Obama puts critics of financial overhaul on notice! Just more of the same old ****. Video of “Regulators reporting to Congress”

Have you read this ……. WASHINGTON – President Barack Obama said Saturday that current financial rules exploit consumers and he put critics of his proposed overhaul on notice: “While I’m not spoiling for a fight, I’m ready for one.” Obama used his weekly radio and Internet address to defend his recent proposal, which is intended [...]

CDC’s Swine Flu Hype – What the numbers really mean!

Have you read an article like this ….. US swine flu cases now exceed 21,000; 87 deaths ATLANTA – The national count of swine flu cases has risen to 21,449 cases and the number of deaths have nearly doubled to 87. The U.S. Centers for Disease Control and Prevention released the number of confirmed and probable [...]