Countrywide's Underwriters Sued for Fraud


Countrywide’s Underwriters Sued for Fraud by New York Agencies
By David Mildenberg & Karen Freifeld – Bloomberg.com (26 Jan 2008)

The New York lawsuit has been consolidated with other lawsuits against Countrywide. Here is the consolidating order of the District Court (Central District of California). New York is ordered to file a consolidated complaint on February 5th.

Wouldn’t it be interesting to see the numbers on how much the the members of the bar will make on the housing bust vs how much they made engineering the bubble?

Click here to view the full Consolidating Order.

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1 Comment

  1. .. or on bonuses paid versus bonuses repaid by financiers / financial engineers / analysts after inventing and selling fraudulent financial vehicles ?

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