Angelo Mozilo, Former Countrywide CEO, Claims He Doesn't Know What 'Verified Income' Is

From America's #1 Financial Crimes Investigator/Reporter, Matt Taibbi:

"Charged with mass fraud and headed for trial in October of 2010, Mozilo and the SEC ultimately settled four days before opening arguments were set to begin in Los Angeles. Ultimately, Mozilo got away with no jail time, paying a $67.5 million settlement, $20 million of which was covered by Countrywide, which by then had been acquired by Bank of America, a major bailout recipient. Just in the years between 2000 and 2008, Mozilo made over half a billion dollars – $521.5 million, according to one corporate research firm."

http://www.rollingstone.com/politics/blogs/taibblog/angelo-mozilo-former-countrywide-ceo-claims-he-doesnt-know-what-verified-income-is-20121228?utm_source=dailynewsletter&utm_medium=email&utm_campaign=newsletter
"Here's a guy who wrecked more lives than anyone else in America in the mortgage crisis, got to keep virtually all of his ill-gotten gains, didn't do a day in jail, and then, when sued, testifies that he doesn't remember anything. And that will probably turn out to be an effective strategy for him. Amazing stuff."


Please note: Taibbi is revealing crimes that benefited....Democrats.