[Mortgage fraud] Big fish got away, small fish gets fried
Did you ever wonder what happened to all those characters who played such a big role in the mortgage business that took the economy to the brink of collapse, the lenders, the ratings agencies (Moody's and S&P), the Wall Street firms who securitized all the toxic waste and others. Well, it seems that despite "financial reform" by the government, nobody including the poster child for fraudulent lending, Angelo Mozilo at Countrywide, has gone to jail.
Joe Nocera at the NY Times writes about a small fish In Prison For Taking a Liar Loan
“A few weeks ago, when the Justice Department decided not to prosecute Angelo Mozilo, the former chief executive of Countrywide, I wrote a column lamenting the fact that none of the big fish were likely to go to prison for their roles in the financial crisis”
Pitiful 
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