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Sorry, Angelo Mozilo Can't Be Sued: He Is Sick

Tyler Durden's picture




 

After years of evading the tentacles of the US government, yesterday the crosshairs of American justice (the civil, not criminal variety) which may be blindfolded but certainly has an offshore bank account, finally locked onto the orange man who made over half a billion between 1999 to 2008, according to compensation-research firm Equilar, not to mention saddling Bank of America with the worst Easter egg M&A transaction in history. Well, it turns out the US government may not be able to sue the Moz after all. The reason? He is sick.

From the NYT:

In 2011, the United States attorney’s office in Los Angeles decided not to file criminal charges against Mr. Mozilo. But in recent months, the office’s civil division has turned the spotlight back on Mr. Mozilo, whose company originated mortgages that went to people with little income to repay them, causing devastating losses for investors who bought the loans.

 

But a complication has emerged: Mr. Mozilo’s lawyers have cautioned the prosecutors in Los Angeles that their client has a serious illness. The prosecutors have sought Mr. Mozilo’s health records, the people said, though for now the case remains on track.

 

In a statement, Mr. Mozilo’s lawyer, David Siegel, said that he would “not comment on reported rumors concerning any investigation.” He added, however, that “there is no sound or fair basis, in law or fact, to pursue any claim against Angelo Mozilo. This story has gone on more than long enough; Mr. Mozilo stands virtually alone among banking and mortgage executives to actually have been pursued by this government and already paid a record penalty” to the S.E.C.

So, if he coughs, or mysteriously turns from orange to green or any other random color, you must acquit (pending receipt of a few hundred millions in the abovementioned offshore bank account of course).

 

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Thu, 08/21/2014 - 12:56 | 5125584 arm50
arm50's picture

ebola, no doubt

Thu, 08/21/2014 - 12:57 | 5125593 Dick Buttkiss
Dick Buttkiss's picture

He is ebola.

Thu, 08/21/2014 - 13:02 | 5125611 pods
pods's picture

It is a rare, incurable genetic disease common among Oompa Loompas.

pods

Thu, 08/21/2014 - 13:06 | 5125629 outamyeffinway
outamyeffinway's picture

Gee I hope he doesn't die a horrible death..... /sarc off

Thu, 08/21/2014 - 13:14 | 5125659 power steering
power steering's picture

All we care about is that Jamie's bonus is safe.

Thu, 08/21/2014 - 13:22 | 5125675 BaBaBouy
BaBaBouy's picture

They Are Telling US this One "Folks" Did It All???

Holdder, Where Are All The OTHER 2008 Banksters ?????

Thu, 08/21/2014 - 13:31 | 5125719 Bunghole
Bunghole's picture

Did he also get some presidential cufflinks?

Thu, 08/21/2014 - 13:37 | 5125745 Boris Alatovkrap
Boris Alatovkrap's picture

Better is to make sure really sick, so please administer adequate dosage of Polonium 210* while is dining.

(* Generic substitution of Cesium 137 is produce similar result. Both is also work on Jon Corsine.)

Thu, 08/21/2014 - 13:49 | 5125792 l8apex
l8apex's picture

Boris, I would like to be the first to nominate you for the new position of "radioactive flavoring sommelier" 

Thu, 08/21/2014 - 13:51 | 5125796 nope-1004
nope-1004's picture

He stole Jamie Dimon's play.  Watch a few others do the same in the future.  How convenient.

If he's so sick, kill the bastard.  They shoot lame horses!

 

Thu, 08/21/2014 - 14:00 | 5125833 Bay of Pigs
Bay of Pigs's picture

My thoughts exactly. Sue him? Seriously?

Execute the fucker.

Thu, 08/21/2014 - 14:19 | 5125924 CheapBastard
CheapBastard's picture

Bring the suit on and if he [sadly] passes away then go after his estate, right? There's a half a billion, much of it possibly [probably] wrongfully gotten by him. The loot should not disappear b/c the criminal [alleged criminal, I'm sorry] is dead.

Thu, 08/21/2014 - 14:50 | 5126093 Oracle 911
Oracle 911's picture

Serious illness. Maybe something with brain, if we assume he has a brain.

Thu, 08/21/2014 - 15:51 | 5126465 cynicalskeptic
cynicalskeptic's picture

nothing so complex.......    terminal tanning

Thu, 08/21/2014 - 15:21 | 5126264 JRobby
JRobby's picture

Cheetos throwing in to it: They will begin to market a short orange puffy pillow type snack with a white cheddar tip on it called "Mozilo"

Thu, 08/21/2014 - 14:10 | 5125884 ThroxxOfVron
ThroxxOfVron's picture

Better to see you again on ZH, Boris.

Keep the coming laughs, my ribs are missing you talking.

Thu, 08/21/2014 - 14:16 | 5125913 Kirk2NCC1701
Kirk2NCC1701's picture

Here, Monsieur, try some of our finest "Atomska Voda"

It has the power to cure all sorts of ailments.

Thu, 08/21/2014 - 13:09 | 5125642 mvsjcl
mvsjcl's picture

Now that's funny, pods.

Thu, 08/21/2014 - 13:09 | 5125643 Bastiat
Bastiat's picture

Of course he's sick: he's a sociopath.

Thu, 08/21/2014 - 13:23 | 5125686 power steering
power steering's picture

It's that damned daily diet of fruit bat.

Thu, 08/21/2014 - 13:01 | 5125612 chunga
chunga's picture

And he's not too sick to remember the names of his accomplices at FNMA/FHLMC/HUD/OCC/SEC/CONgress etc., etc.

Thu, 08/21/2014 - 13:26 | 5125699 Winston Churchill
Winston Churchill's picture

That would become a fatal complaint very quickly.So bad one would have to commit

suicide with six rifle shots to the back of the head.

Thu, 08/21/2014 - 13:27 | 5125707 power steering
power steering's picture

The Feds have no interest in bringing any of these assholes to justice.

Thu, 08/21/2014 - 15:39 | 5126397 sandhillexit
sandhillexit's picture

Isn't that what Paraguay is for?

Thu, 08/21/2014 - 15:55 | 5126493 cynicalskeptic
cynicalskeptic's picture

even Paraguay has its limits.  

They changed the laws when it got out that the Bush family had bought a huge tract of land there....  The Bush's have since sold their formerly extradition proof retirement home off.

ex-Nazis were ok but the Bush family?... not so much so....

Thu, 08/21/2014 - 13:54 | 5125812 JRobby
JRobby's picture

Thanks. I know, you would be typing all day to list all of them.

Pigs at the trough. Slaughter all the swine.

 

Thu, 08/21/2014 - 14:37 | 5126018 chunga
chunga's picture

Geitner, Greenberg, Blankfein, Paulson...

It's impossible to deny there's a pattern here. Almost every single player is a bald headed guy with a pointy face. Timmy has hair but is it real?

Greenspan says it's just "human nature" but look, he's as bald as a cucumber and has a pointy face too!

Thu, 08/21/2014 - 15:35 | 5126338 JRobby
JRobby's picture

"Turbo" Timmy was the ultimate face slap really. They put the dumbest fuck into the precinct closest to the crime scene.

Thu, 08/21/2014 - 12:58 | 5125595 ss123
ss123's picture

Hawaiian Tropic overdose?

Thu, 08/21/2014 - 13:08 | 5125621 Kirk2NCC1701
Kirk2NCC1701's picture

Nah, he caught Obola*.

Now Obamacare has to step in and the DOJ has to step out.

* "Obola", Copyright 2014, Kirk2NCC1701

Thu, 08/21/2014 - 13:30 | 5125713 Da Yooper
Da Yooper's picture

Lets seeeee my dog ate my hard drive for the IRS

& if someone tries to sue me I can use the " I am Sick" excuse

 

What a friggen crock of bull

 

one set of laws for them

 

&

 

another set of laws for the rest of US

 

getting closer to pitchforks & lampost time

 


Thu, 08/21/2014 - 14:11 | 5125889 ThroxxOfVron
ThroxxOfVron's picture

Your clock is slow.

Thu, 08/21/2014 - 15:34 | 5126358 Canadian Dirtlump
Canadian Dirtlump's picture

you spelled oompa loompa wrong.

Thu, 08/21/2014 - 16:21 | 5126615 MASTER OF UNIVERSE
MASTER OF UNIVERSE's picture

All criminals, and criminal lawyers, know that 'health complications' can be used as leverage with DAs or Crown Attornies. Mozilo has money

to hire BIG Law which means he can pay the 'cartel's' price to get-out-of-jail-free with the fiat currency that he ripped off from subprime borrowing loans that TBTF was purchasing off of him by the truckload.

Mozilo is not the first criminal to play the 'sick card' and he will not be the last either. Back in the 80s a mafia dude used to walk the streets of Brooklyn in his PJs and house coat with requisite slippers just to avoid going to jail or court. Sociopaths like Mozilo know how to game the system and that is empirically demonstrated by the amount of money he stole outright through subprime loans to Muppets that later went into default and foreclosure. Mozilo's largesse has yet to be felt by society IMHO. Furthermore, we are no longer in a growth model and Mozilo made all his money during the 'good times' so that he would be well leveraged for the bad times that would most certainly follow.

Thu, 08/21/2014 - 17:34 | 5127012 waterhorse
waterhorse's picture

Do you think he got sick from passing all those notes around like a whiskey bottle at a frat party?  Or maybe from doing too much of the Countrywide Hustle?  Or maybe from sniffing all that white-out he was using to "correct" borrowers' incomes?

Thu, 08/21/2014 - 16:26 | 5126637 f16hoser
f16hoser's picture

The 'ole Jamie Dimon Ploy.....

Thu, 08/21/2014 - 18:23 | 5127294 Iwanttoknow
Iwanttoknow's picture

I sure hope so.

Thu, 08/21/2014 - 12:56 | 5125586 Bill of Rights
Bill of Rights's picture

Obamacare not affordable for many: Aetna CEO

Pretty revealing for an Insurance agency...

Thu, 08/21/2014 - 13:15 | 5125664 knukles
knukles's picture

Not affordable?!?!?!?!?!?
That doesn't even matter when forget what you pay for ObamaCare (CoveredCalifornia) out here none of the doctors or hospitals take the goddamned thing because the reimbursement rates are about naught, zip, zero, nada, end...
Another repetitive lesson in rationing and price controls.
Congrats America, you're the cheapest non-healthcare available anywhere at no price.

 

Thu, 08/21/2014 - 13:45 | 5125770 saveUSsavers
saveUSsavers's picture

Got CA Kaiser Bronze, wife had PET/CT scan said our out-pocket was $895, NOW THEY WANT 2400.00! ***BAIT'N SWITCH***   !

Thu, 08/21/2014 - 13:59 | 5125835 Raymond K Hessel
Raymond K Hessel's picture

Undo all healthcare legislation and all of sudden CTs are $50 in cash.  

GE sells the same MRI machine to the US for $200,000 that it sells to India for $2,000.  Think about it.

Thu, 08/21/2014 - 15:29 | 5126329 MeBizarro
MeBizarro's picture

CTs aren't anywhere close to $50 and our aware that the overwhelming majority of people in India neither have access nor can afford the out-of-pocket costs of a CT scan.

Why the people who act as if we should go back to a cash-predominant system in HC are either imbeciles or cravenly deprived and willing to write off large segments of the population.  

Thu, 08/21/2014 - 12:58 | 5125587 clade7
clade7's picture

Well...that explains everything...If the carrot dont fit, you must aquit...

Thu, 08/21/2014 - 13:51 | 5125800 InjectTheVenom
InjectTheVenom's picture

if he's coughin' up spit , you must acquit . . . . .

Thu, 08/21/2014 - 15:36 | 5126382 JRobby
JRobby's picture

Johnny Ringo: "I want him spitting blood"

Thu, 08/21/2014 - 12:57 | 5125589 Duc888
Duc888's picture

 

 

 

yea, I lost my HDD.

 

Too funny.

 

How about jamie?  Has he rotted off the face of the earth yet?

 

LOL

Thu, 08/21/2014 - 13:02 | 5125602 alexcojones
alexcojones's picture

Angelo may be Orange, But 7 of 8 of the so-called ad-click

"Trending" T&A babes just below the main stories on Zerohedge

are a shade of Orange Too.

Orange is the New Greenbacks, I guess

Thu, 08/21/2014 - 13:03 | 5125616 Tim Knight from...
Tim Knight from Slope of Hope's picture

Explorer.......Sage......Dancer. Meet Angelo.

Thu, 08/21/2014 - 13:09 | 5125633 clade7
clade7's picture

Gotta admit, on piss fenders and tatas its attractive...

Thu, 08/21/2014 - 13:01 | 5125604 Yen Cross
Yen Cross's picture

   Ummm...He probably has the brown bottle flu, from all the parties he's been throwing  in his attorney's guest house every night.

Thu, 08/21/2014 - 13:03 | 5125617 saints51
saints51's picture

or Chi Chi has been bringing the yayo

Thu, 08/21/2014 - 13:02 | 5125609 Seasmoke
Seasmoke's picture

I thought he was dead with Ken Lay, living on an island.

Thu, 08/21/2014 - 13:07 | 5125634 Lumberjack
Lumberjack's picture

I agree about Kenny Lay. I have no doubt whatsoever he is/was out there. Where I cannot be sure, but the connections to Italy and what has transpired since and the way the coroner snafu came into play leave me with only one solid answer.

Thu, 08/21/2014 - 13:03 | 5125613 Dr. Engali
Dr. Engali's picture

Sorry your honor, my client come can't come in today he's sick. He suffering from tetanus due to nail gun shots in his chest and head.

Thu, 08/21/2014 - 14:20 | 5125931 Kirk2NCC1701
Kirk2NCC1701's picture

All joking and sarcasm aside... This could set a wonderful PRECEDENT for all sorts of future legal cases.  Tick, tock.

Thu, 08/21/2014 - 13:03 | 5125618 Itchy and Scratchy
Itchy and Scratchy's picture

Good thing he has ObamaCare coverage!

Thu, 08/21/2014 - 13:05 | 5125624 Dr. Engali
Dr. Engali's picture

No no no, we get Obamacare, he gets specialized healthcare.

Thu, 08/21/2014 - 13:15 | 5125665 Itchy and Scratchy
Itchy and Scratchy's picture

D'oh!

Thu, 08/21/2014 - 13:05 | 5125623 trulz4lulz
trulz4lulz's picture

Shouldnt he be indefinatly detained for now? Just to be sure?

 

Thu, 08/21/2014 - 15:09 | 5125625 RaceToTheBottom
RaceToTheBottom's picture

Ahh, because ill gotten, money of sick people is no longer any good....

Thu, 08/21/2014 - 13:06 | 5125627 cougar_w
cougar_w's picture

They're all a bunch of sick-o's

Thu, 08/21/2014 - 13:07 | 5125630 SloMoe
SloMoe's picture

Wonder what color he turns when he's sick?

Thu, 08/21/2014 - 13:13 | 5125655 NOTaREALmerican
NOTaREALmerican's picture

White Elysium.  

Thu, 08/21/2014 - 13:08 | 5125638 buzzsaw99
buzzsaw99's picture

Ah, the Roland Arnall system, up and die. We can hope anyway.

Thu, 08/21/2014 - 13:09 | 5125640 Perfecthedge
Perfecthedge's picture

"Mr. Judge, I can't pay my mortgage, I'm sick."

 

Thu, 08/21/2014 - 13:11 | 5125648 alexcojones
alexcojones's picture

Angelo Makes the Top of the List here.

Notice all the other FREE perps.

25 People to Blame for the Financial Crisis
Thu, 08/21/2014 - 13:23 | 5125688 RaceToTheBottom
RaceToTheBottom's picture

Thanks for the link.  Weird list.  No WAMU CEO, GS CEO, Chase CEO? and No Blythe Masters?  She is blamed for a lot here at ZH.

It must be hard to make the distinction when all of WS are criminals.

 

Thu, 08/21/2014 - 15:52 | 5126470 DOT
DOT's picture

Way too short a list.

Thu, 08/21/2014 - 13:12 | 5125653 NOTaREALmerican
NOTaREALmerican's picture

I think this man as suffered enough.   We need to move onward from this unfortunate, but isolated, event and - for the good of the nation - need to (simply) forgive, and most importantly, forget.  It's in everyone's best interest... 

Thu, 08/21/2014 - 13:44 | 5125761 pods
pods's picture

Come on y'all, it's sarcasm, and is delightfully flavored to boot.

(NARA you gotta work in "smart-n-savvy" some more)

pods

Thu, 08/21/2014 - 15:05 | 5126181 RaceToTheBottom
RaceToTheBottom's picture

Ever wonder where we would be now if the protests on WS took a different track?

If violence to this level focused on real issue of WS criminals, including taking a bunch of them down?

Concrete points about reinstating Glass-Steagall; 20% of WS in jail...

 

OK, fantasy over....

 

Thu, 08/21/2014 - 13:17 | 5125667 Yen Cross
Yen Cross's picture

Angelo overdosed on carrot juice while visiting Boehner over the weekend.

Thu, 08/21/2014 - 15:02 | 5126159 BeetleBailey
BeetleBailey's picture

Boehner.....the original Washington Redskin. (fucking Dennis Miller STOLE MY LINE!)

Angie needs to be wiped out, akin to Tommy here....

https://www.youtube.com/watch?v=Dk-a1RAX2mU

Thu, 08/21/2014 - 13:17 | 5125672 WillyGroper
WillyGroper's picture

The Orange man must be eating the same diseased pooty-tang as Jamie.

Thu, 08/21/2014 - 13:18 | 5125673 Puncher75
Puncher75's picture

The man who fleeced a nation

Thu, 08/21/2014 - 13:22 | 5125683 Itchy and Scratchy
Itchy and Scratchy's picture

All blessed, encouraged & enabled by our fearless elected representitives!

Thu, 08/21/2014 - 17:36 | 5127030 waterhorse
waterhorse's picture

Control fraud at its finest.

Thu, 08/21/2014 - 13:19 | 5125679 insanelysane
insanelysane's picture

So in a country where there is a death tax, you can't prosecute a sick person because...???

Thu, 08/21/2014 - 13:26 | 5125702 Itchy and Scratchy
Itchy and Scratchy's picture

For exactly the same reason you can't prosecute our brave visionary leadership who decided it was a good idea that EVERYONE was ENTITLED to a home in the first place! They did threaten lenders who did credit or employment checks tho!

Thu, 08/21/2014 - 15:02 | 5126162 falconflight
falconflight's picture

Yes, it is now discriminatory to deny loans to disability receipents, pregnant she-men on a leave of absence, and your US Dept of HUD provides funding...Section 8 payments to be converted to payment vouchers for home purchases.  Stop wasting your breath on the .01%, a 30k a year bureaucrat is loving life dispensing your effing money. 

Thu, 08/21/2014 - 15:07 | 5126192 mc225
mc225's picture

it's nobody's money. it's all fake. also, private property ('home ownership') is a construct with little or no basis in reality. it's the human condition.

Thu, 08/21/2014 - 15:17 | 5126246 falconflight
falconflight's picture

pretty much at this point

Thu, 08/21/2014 - 15:47 | 5126434 Itchy and Scratchy
Itchy and Scratchy's picture

Pregnant she-men should get $$$!

Thu, 08/21/2014 - 13:25 | 5125691 tradingdaze
tradingdaze's picture

Off with his head.

Thu, 08/21/2014 - 13:25 | 5125692 world_debt_slave
world_debt_slave's picture

give him hemlock

Thu, 08/21/2014 - 13:26 | 5125706 Itchy and Scratchy
Itchy and Scratchy's picture

He was only the messenger my friend!

Thu, 08/21/2014 - 16:18 | 5126611 daveO
daveO's picture

Only the Breitbarts of the world get that treatment.

Thu, 08/21/2014 - 13:26 | 5125697 yogibear
yogibear's picture

Sorry, I forgot all you "Friends of Angello" I forgot about this year's campaign contributions (envelopes) . We'll pay the fine and continue giving the contribution envelopes to all you senators and congressmen. - Angello M.

Thu, 08/21/2014 - 13:26 | 5125698 VWAndy
VWAndy's picture

Wanna do something about this stuff? This would be an good place to start. Ask him where the deeds went. They aint where they said they were. They were not lost. This cat knows.

 

Thu, 08/21/2014 - 13:26 | 5125703 lasvegaspersona
lasvegaspersona's picture

Please inform honorable IRS my lumbago prohibits my prompt payment of taxes...OK?...great!!

Thu, 08/21/2014 - 13:27 | 5125708 I am a Man I am...
I am a Man I am Forty's picture

The thought of going to jail or losing money makes me severely ill so you can't sue me, I know, it's a circular argument, but I learned from the best!

Thu, 08/21/2014 - 13:31 | 5125717 Itchy and Scratchy
Itchy and Scratchy's picture

The esteemed peoples Rep Barney Franks was all for 'rolling the dice' & it hasn't made him sick at all!!!

Thu, 08/21/2014 - 13:35 | 5125735 VWAndy
VWAndy's picture

We have to start somewhere?

Thu, 08/21/2014 - 13:37 | 5125740 Son of Captain Nemo
Son of Captain Nemo's picture

So Mozilo's dying from the same thing that allegedly is killing Mr. Dimon...

Licking too much $3,000 an hour call girl snatch!

Thu, 08/21/2014 - 13:48 | 5125785 Itchy and Scratchy
Itchy and Scratchy's picture

What a way to go!

Thu, 08/21/2014 - 13:38 | 5125748 Joeman34
Joeman34's picture

Looks like radiation poisoning to me...

Thu, 08/21/2014 - 13:53 | 5125803 Itchy and Scratchy
Itchy and Scratchy's picture

Agent Orange!

Thu, 08/21/2014 - 13:44 | 5125769 Jack Burton
Jack Burton's picture

Most likely this orange colored fool has got terminal skin cancer. Having been married to a nurse who worked in a practice that specialized in skin cancers, I can see the orange man had set himself up for the worst form of skin cancer. It doesn't matter how small the little spot on you skin may be, but if it is the right form of cancer, the cells from that little cancer quickly enter the blood stream and you are fucked!

I still remember the stress it was on her to be with patients who came in for a small splotch on the skin and found out it wa a death sentence. The cancer is quickly removed, but the cells are racing through your blood stream looking for new homes.

If Mozilo has this form of cancer, then revenge will be ruthless to him and all that money he has means sweet fuck all to him.

Money, it is less important than your family and your health, we all need enough for a decent life, but to place all lifes value on fucking green paper? You are a fool to do it.

Thu, 08/21/2014 - 13:45 | 5125772 Downtoolong
Downtoolong's picture

Mr. Mozilo’s lawyer, David Siegel, said …“there is no sound or fair basis, in law or fact, to pursue any claim against Angelo Mozilo.

So what? Mr. Mozilo’s Assaholism isn’t an official illness either, but, that apparently hasn’t stopped you from claiming it is.

Game on sucka.

Thu, 08/21/2014 - 13:46 | 5125774 Conax
Conax's picture

Paint his ass pink and put him on trial, wtf?

Thu, 08/21/2014 - 13:46 | 5125777 Bunga Bunga
Bunga Bunga's picture

Sueing Mr. Mozilo with his dark skin - that's racism.

Thu, 08/21/2014 - 13:49 | 5125788 VWAndy
VWAndy's picture

Superman aint comming. It dont work like that anyway.

Thu, 08/21/2014 - 13:48 | 5125790 ken
ken's picture

Then he will be died [transitive implementation of the intransitive verb], only to resurface overseas with a new identity?

 

Thu, 08/21/2014 - 14:00 | 5125837 F.A. Hayek
F.A. Hayek's picture

no he will be suicided under strange circumstances by a nailgun while falling off the top of a building

Thu, 08/21/2014 - 13:57 | 5125807 lunaticfringe
lunaticfringe's picture

I will never forget- just before the housing implosion- the idiot Cramer has Tanzilo on his Mad Money show. As Cramer is touting Countrywide stock on the program- Tanzilo is selling his shares like a madman. Cramer says, "it's your company, you are entitled to take a little profit off the table...or something to that effect. That was the moment when I discovered Cramer was a douche bag. That was the last time I watched his dumb ass show. Taking millions of shares, selling them to the public, and knowing full well your company was insolvent- is a criminal act. Tanzilo should be in prison.

 

There has never been a more crooked fucker than Tanzilo. I'd ask you to read up on this guy- but it ain't worth the time I wasted on it.

Thu, 08/21/2014 - 15:45 | 5125831 JRobby
JRobby's picture

Cramer should be euthanized. Move him up the line to October's poster boy for euthanasia.

 

Cramer is like a whitehead you cant get rid of, even with a razor blade.

Thu, 08/21/2014 - 14:54 | 5126124 falconflight
falconflight's picture

He became a fudgepacked cry baby after the funny swill bucket - Jon Stewart, disassembled Kramer on his show.  Shamed him for touting profit.  Kramer puts the bitch in beoatch.   jmo

Thu, 08/21/2014 - 15:44 | 5126417 JRobby
JRobby's picture

That was somewhat satisfying to watch.

But don't forget that Jon's brother Larry Leibowitz was CEO of NYSE until the Intercontinental buyout of NYSE Eurotrash.

 

Thu, 08/21/2014 - 16:14 | 5126584 daveO
daveO's picture

Exactly! Same team, the moneychanger team.

Thu, 08/21/2014 - 17:29 | 5126980 falconflight
falconflight's picture

Wow, didn't know that about Jon's brother.  Seems like Kramer shulda been more loyal to Larry...just sayin

Thu, 08/21/2014 - 13:58 | 5125822 DrDinkus
DrDinkus's picture

in a land of greed, what a greedy cok sukker

Thu, 08/21/2014 - 13:59 | 5125828 lasvegaspersona
lasvegaspersona's picture

No one with half a brain has assets anymore. Having them makes one a lightning rod for lawsuits.

Owning a number of anonymously held corporations in foreign districts with vaguely identifiable holdings is the modern way.

I'll bet Angelo is near broke....on  paper.

Thu, 08/21/2014 - 14:00 | 5125838 honestann
honestann's picture

Once a top-level predator, any excuse will do.
Never work for any regular folks, of course.
Got money?  Then you have an excuse. 

Thu, 08/21/2014 - 14:03 | 5125851 himaroid
himaroid's picture

As I said yesterday, if they are turning on each other, things must really be bad. I should have known better.

Thu, 08/21/2014 - 14:04 | 5125852 swmnguy
swmnguy's picture

The fix has been in on this deal since, well, the beginning.  I realized it in May of 2008, before anyone in the mass culture even admitted there was a problem.  That was when I read that then-Candidate Obama had received more campaign contributions from Wall Street than either Candidate McCain (remember when we thought Republicans specialized in pandering to wealth?) or Candidate Clinton, sitting Senator from New York and spouse of the (until then) most Finance subservient President we had ever had.  That piece of news told me the crisis was real, was looming, and the deal had already gone down to shield the guilty and put it all on the public tab.

The fix was further broadcast in early October, 2008, when both Candidates McCain and Obama said, if elected, they would nominate as Secretary of the Treasury one Timothy F. Geithner.

After that, there really wasn't any point paying attention.  And when Lanny Breuer told "Frontline" they wouldn't prosecute anybody in Finance because if they lost they'd look bad and besides it might hurt jobs, it had become utter farce.

So of course these guys will pay nominal fines, which really amount to fees to cover the paperwork to dispose of all the evidence of criminal wrongdoing.  They're paying about what it costs for a good shredding service to come in and clean up the mess; that's all.  The profits have been locked in for the Wall Street companies.  The bonuses have been paid.  The $1 Trillion per year for 5 years has been exhanged for worthless derivatives, and the money recycled into Treasury Bonds, which are then bought again by the Federal Reserve.

In a sense, there really isn't any point in the Department of Justice (?!) going after Mozilo.  It just saves us another act of farce.  Farce has to be fast, crisp, fresh and new.  Otherwise I'd rather have a root canal.  We're there now.

Thu, 08/21/2014 - 14:47 | 5126067 falconflight
falconflight's picture

Papa Doc Barack and Schmucky Schumer were the two most 'decorated' ($$) Wall Street politicians, yet incredibly as that fact is, he can be elected as a Prez twice and claim to be a champion of 'main street,'  to the adulation of the neo-peasantry of Amerika and Agitprop media. 

Thu, 08/21/2014 - 14:05 | 5125856 paint it red ca...
paint it red call it hell's picture

My 72 yr old geologist buddy with prostrate cancer got the IRS on his ass over a employee withholding tax dispute. Old and sick didn't deter them. After forcing him into personal bankruptcy, forced the sale of his home and lake property at auction at the bottom of the market in 08, they then garnished his direct deposit social security check.

The worry nearly killed him.

Thu, 08/21/2014 - 14:08 | 5125879 falconflight
falconflight's picture

Obviously he wasn't a friend of Lois Lerner, a person who would be among the most deserving of a Braveheart climax.

Thu, 08/21/2014 - 14:43 | 5126049 CharlieMike
CharlieMike's picture

If this happens to any of you remember you can always take one (or two or more) with you.

Thu, 08/21/2014 - 14:50 | 5126091 falconflight
falconflight's picture

I guess we're both on the terrorist watch list...

Thu, 08/21/2014 - 14:05 | 5125862 falconflight
falconflight's picture

Live from ZeroHedge.com/ABC Media...."After years of evading the tentacles of the US government..."  Ever heard the term Friends of Mozila?  He was a partner of Freddie, Fannie, Dept. of Housing and Urban Development, along with his very powerful special friends - Democrats Christopher Dodd and Barney Frank.   Both among the most slimy self aggrandizing lifetime federal pols of the past 35 years.  As corrupt as the GOP is, they have called repeatedly for the sunset of the two monster GSE (Government Sponsored Enities) Freddie and Fannie...even GW Bush publicly called for their dismantling to shrieks of social injustice from the filthy DemPervs.

Thu, 08/21/2014 - 14:07 | 5125869 Itchy and Scratchy
Itchy and Scratchy's picture

Amen!

Thu, 08/21/2014 - 14:11 | 5125886 VWAndy
VWAndy's picture

This is one of those times when each of us needs to look deep into that mirror. What do you see?

Thu, 08/21/2014 - 17:40 | 5127055 waterhorse
waterhorse's picture

Well, I don't see a reptilian orange man staring back at me...thank God.

Thu, 08/21/2014 - 14:17 | 5125916 Dewey Cheatum Howe
Dewey Cheatum Howe's picture

And his sickness will probably accelerate quickly to rigor mortis if too much pressure is applied on oompa loompa. I bet you he will sing like a fucking canary implicating other high level players to save his own ass.

Thu, 08/21/2014 - 14:19 | 5125927 VWAndy
VWAndy's picture

I bet the deeds are not where ya think.

Thu, 08/21/2014 - 14:20 | 5125930 indio007
indio007's picture

If only Angelo would have bought the Juice Weasel , he would be in perfect health.

 

http://www.youtube.com/watch?v=SA3EyRxdLYA

Thu, 08/21/2014 - 15:54 | 5126491 DOT
DOT's picture

I thought he was the juice weasel!

Thu, 08/21/2014 - 14:29 | 5125974 Hongcha
Hongcha's picture

Think of all the jobs/opportunities he created.  He will be missed.

Thu, 08/21/2014 - 14:50 | 5126088 Itchy and Scratchy
Itchy and Scratchy's picture

He helped to double the size of government!

Thu, 08/21/2014 - 16:16 | 5126596 Accounting101
Accounting101's picture

He helped increase the size of public debt. $23 trillion to be exact went to the big banks and financial services industry. Clowns like Mozilo were too big to fail. The American taxpayer was not.

Thu, 08/21/2014 - 16:37 | 5126677 Itchy and Scratchy
Itchy and Scratchy's picture

Exactly. Doubled debt = Double sized government  according to nobel peace prizer Krugman!

Thu, 08/21/2014 - 14:47 | 5126075 richiebaby
richiebaby's picture

Angelo has the best attorneys $100's of millions can buy. If his attorneys say he's sick, he must be sick

Thu, 08/21/2014 - 14:59 | 5126152 venturen
venturen's picture

he should have donated to Obama campgain....bad move

Thu, 08/21/2014 - 16:14 | 5126583 Accounting101
Accounting101's picture

Seeing that Obama out raised McCain 2 to 1 in Wall Street and financial services industry cash during the 2008 campaign, I'm sure Mozilo did.

Thu, 08/21/2014 - 15:03 | 5126169 hangemhigh77
hangemhigh77's picture

So rob a bank and then catch a cold. You're free to go.

Thu, 08/21/2014 - 15:04 | 5126179 mc225
mc225's picture

honey cocaine for the win!

Thu, 08/21/2014 - 15:15 | 5126227 falconflight
falconflight's picture

Please don't forget that the TARP slush fund and the gov't accquistions, even if temporary, of BOA, C, AIG etc. following the credit freeze near revolution shielded all the defrauded "investors" from their just due.  They bought the derivatives, the MBS, CDS, and all the other financial vehicles.  Now as most here know, the fragility of the world finanical system is cast in stone, and we await, when all is said and done, OUR fates. 

Thu, 08/21/2014 - 15:36 | 5126377 TabakLover
TabakLover's picture

Agree.  He's a sick F**K.

Thu, 08/21/2014 - 15:49 | 5126449 MrBoompi
MrBoompi's picture

Anyone would have a bad back after hauling so many sacks of cash to Cayman.

Thu, 08/21/2014 - 17:30 | 5126992 waterhorse
waterhorse's picture

"But a complication has emerged: Mr. Mozilo’s lawyers have cautioned the prosecutors in Los Angeles that their client has a serious illness."

 

Sociopathy?

Thu, 08/21/2014 - 19:06 | 5127508 williambanzai7
williambanzai7's picture

We defrauded some folks...

Thu, 08/21/2014 - 19:43 | 5127691 VWAndy
VWAndy's picture

Yea like every person on the planet.

 

Thu, 08/21/2014 - 21:55 | 5128188 AgeOfJefferson
AgeOfJefferson's picture

Guillotine will fix that cold!

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