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Sorry, Angelo Mozilo Can't Be Sued: He Is Sick
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.
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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ebola, no doubt
He is ebola.
It is a rare, incurable genetic disease common among Oompa Loompas.
pods
Gee I hope he doesn't die a horrible death..... /sarc off
All we care about is that Jamie's bonus is safe.
They Are Telling US this One "Folks" Did It All???
Holdder, Where Are All The OTHER 2008 Banksters ?????
Did he also get some presidential cufflinks?
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.)
Boris, I would like to be the first to nominate you for the new position of "radioactive flavoring sommelier"
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!
My thoughts exactly. Sue him? Seriously?
Execute the fucker.
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.
Serious illness. Maybe something with brain, if we assume he has a brain.
nothing so complex....... terminal tanning
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"
Better to see you again on ZH, Boris.
Keep the coming laughs, my ribs are missing you talking.
Here, Monsieur, try some of our finest "Atomska Voda".
It has the power to cure all sorts of ailments.
Now that's funny, pods.
Of course he's sick: he's a sociopath.
It's that damned daily diet of fruit bat.
And he's not too sick to remember the names of his accomplices at FNMA/FHLMC/HUD/OCC/SEC/CONgress etc., etc.
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.
The Feds have no interest in bringing any of these assholes to justice.
Isn't that what Paraguay is for?
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....
Thanks. I know, you would be typing all day to list all of them.
Pigs at the trough. Slaughter all the swine.
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!
"Turbo" Timmy was the ultimate face slap really. They put the dumbest fuck into the precinct closest to the crime scene.
Hawaiian Tropic overdose?
Nah, he caught Obola*.
Now Obamacare has to step in and the DOJ has to step out.
* "Obola", Copyright 2014, Kirk2NCC1701
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
Your clock is slow.
you spelled oompa loompa wrong.
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.
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?
The 'ole Jamie Dimon Ploy.....
I sure hope so.
i heard business is booming in switzerland for euthanasia
Obamacare not affordable for many: Aetna CEO
Pretty revealing for an Insurance agency...
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.
Got CA Kaiser Bronze, wife had PET/CT scan said our out-pocket was $895, NOW THEY WANT 2400.00! ***BAIT'N SWITCH*** !
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.
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.
Well...that explains everything...If the carrot dont fit, you must aquit...
if he's coughin' up spit , you must acquit . . . . .
Johnny Ringo: "I want him spitting blood"
yea, I lost my HDD.
Too funny.
How about jamie? Has he rotted off the face of the earth yet?
LOL
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
Explorer.......Sage......Dancer. Meet Angelo.
Gotta admit, on piss fenders and tatas its attractive...
Ummm...He probably has the brown bottle flu, from all the parties he's been throwing in his attorney's guest house every night.
or Chi Chi has been bringing the yayo
I thought he was dead with Ken Lay, living on an island.
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.
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.
All joking and sarcasm aside... This could set a wonderful PRECEDENT for all sorts of future legal cases. Tick, tock.
Good thing he has ObamaCare coverage!
No no no, we get Obamacare, he gets specialized healthcare.
D'oh!
Shouldnt he be indefinatly detained for now? Just to be sure?
Ahh, because ill gotten, money of sick people is no longer any good....
They're all a bunch of sick-o's
Wonder what color he turns when he's sick?
White Elysium.
Ah, the Roland Arnall system, up and die. We can hope anyway.
"Mr. Judge, I can't pay my mortgage, I'm sick."
Angelo Makes the Top of the List here.
Notice all the other FREE perps.
25 People to Blame for the Financial CrisisThanks 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.
Way too short a list.
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...
Come on y'all, it's sarcasm, and is delightfully flavored to boot.
(NARA you gotta work in "smart-n-savvy" some more)
pods
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....
Angelo overdosed on carrot juice while visiting Boehner over the weekend.
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
The Orange man must be eating the same diseased pooty-tang as Jamie.
The man who fleeced a nation
All blessed, encouraged & enabled by our fearless elected representitives!
Control fraud at its finest.
So in a country where there is a death tax, you can't prosecute a sick person because...???
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!
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.
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.
pretty much at this point
Pregnant she-men should get $$$!
Off with his head.
give him hemlock
He was only the messenger my friend!
Only the Breitbarts of the world get that treatment.
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.
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.
Please inform honorable IRS my lumbago prohibits my prompt payment of taxes...OK?...great!!
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!
The esteemed peoples Rep Barney Franks was all for 'rolling the dice' & it hasn't made him sick at all!!!
We have to start somewhere?
So Mozilo's dying from the same thing that allegedly is killing Mr. Dimon...
Licking too much $3,000 an hour call girl snatch!
What a way to go!
Looks like radiation poisoning to me...
Agent Orange!
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.
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.
Paint his ass pink and put him on trial, wtf?
Sueing Mr. Mozilo with his dark skin - that's racism.
Superman aint comming. It dont work like that anyway.
Then he will be died [transitive implementation of the intransitive verb], only to resurface overseas with a new identity?
no he will be suicided under strange circumstances by a nailgun while falling off the top of a building
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.
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.
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
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.
Exactly! Same team, the moneychanger team.
Wow, didn't know that about Jon's brother. Seems like Kramer shulda been more loyal to Larry...just sayin
in a land of greed, what a greedy cok sukker
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.
Once a top-level predator, any excuse will do.
Never work for any regular folks, of course.
Got money? Then you have an excuse.
As I said yesterday, if they are turning on each other, things must really be bad. I should have known better.
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.
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.
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.
Obviously he wasn't a friend of Lois Lerner, a person who would be among the most deserving of a Braveheart climax.
If this happens to any of you remember you can always take one (or two or more) with you.
I guess we're both on the terrorist watch list...
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.
Amen!
This is one of those times when each of us needs to look deep into that mirror. What do you see?
Well, I don't see a reptilian orange man staring back at me...thank God.
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.
I bet the deeds are not where ya think.
If only Angelo would have bought the Juice Weasel , he would be in perfect health.
http://www.youtube.com/watch?v=SA3EyRxdLYA
I thought he was the juice weasel!
Think of all the jobs/opportunities he created. He will be missed.
He helped to double the size of government!
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.
Exactly. Doubled debt = Double sized government according to nobel peace prizer Krugman!
Angelo has the best attorneys $100's of millions can buy. If his attorneys say he's sick, he must be sick
he should have donated to Obama campgain....bad move
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.
So rob a bank and then catch a cold. You're free to go.
honey cocaine for the win!
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.
Agree. He's a sick F**K.
Anyone would have a bad back after hauling so many sacks of cash to Cayman.
"But a complication has emerged: Mr. Mozilo’s lawyers have cautioned the prosecutors in Los Angeles that their client has a serious illness."
Sociopathy?
We defrauded some folks...
Yea like every person on the planet.
Guillotine will fix that cold!