Posted by Stamper_WI on 10/15/10 9:05pm
Msg #357013

Not even a slap on the wrist

He doesn't have to pay the fines let alone serve time
http://www.msnbc.msn.com/id/39688498/ns/business-real_estate

Reply by Alz on 10/15/10 9:50pm
Msg #357025

Maybe because someone's palm was greased. n/m

Reply by 101livescan on 10/16/10 9:25am
Msg #357039

wonder what his legal bills amount to? Anything is possible for the right pri$e!

Scary world. Think of all the folks who lost their homes, will still lose their homes, and the cost of the entire robostamping (how about robo stomping on Americans), the human and social carnage. No one can make this right, Angelo Musolo. you greedy pig! Still got the big house in Montecito!

Reply by Stamper_WI on 10/16/10 9:57am
Msg #357044

He hedged then and he is hedging now

He started Penny Mac after he left Countrywide.. Buys the delinquent loans the government took over from struggling banks for pennies on the dollar and gets whatever he can out of them. He even filed for an IPO (not sure he got it.) So according to this judgement, he can't be a Ceo of his own business. Sounds like a Ponzi scheme of huge proportion

Reply by C. Rivera Chicago Notary Services on 10/16/10 9:58am
Msg #357045

...they settled with the SEC and won't be found guilty.

So its assumed the investors are going to receive the settlement monies so they won't sue.

Hmm...they did get off pretty much scott free!

Reply by Stoli on 10/16/10 10:56am
Msg #357051

Does the money go to the victims or to the government, hmmm. n/m