SO, Which is it, Wrong doing or NO Wrong doing?

In the recent case of Angelo Mozilo and CountryWide, Mr. Mozilo was fined $67M but was not required to admit to wrong doing.


Today, less than 48 hours later, BAC is being made to swallow 'bad' mortgages.


So, was there wrong doing or NO wrong doing?  Seems like the American government believes that BOTH is true! Say What?!


Moving along no story here.

If You Can Afford to Pay $67 Million, You Can Stay out of Jail…the ...

‎
AllGov - 7 hours ago

Dubbed the worst of the worst who helped cause the financial crisis, Angelo Mozilo has agreed to a settlement with the US government for leading mortgage ...

Record Fine for Former Lender's Boss on Subprime Crime‎ - The Epoch Times
David Weidner's Writing on the Wall‎ - MarketWatch
Still waiting on justice for the kingpins of the Great Recession‎ - Seattle Times
Beacon Equity Research - Mortgageorb 
all 44 news articles »

Pimco, NY Fed Said to Seek BofA Repurchase of Mortgages

‎ Bloomberg - Jody Shenn - 1 hour ago

Charlotte, North Carolina-based Bank of America will “defend our shareholders” by disputing any unjustified demands it buy back defective mortgages, ...