SEC: Countrywide CEO Called Mortgages "Toxic" Three Freaking Years Ago

SEC: Countrywide CEO Called Mortgages "Toxic" Three Freaking Years Ago

Today, as expected, is a crappy day for former Countrywide CEO and co-founder Angelo “Orangey Orangerton” Mozilo. The SEC is suing Mr. Mozilo along with several of his colleagues, claiming that they profited from stock sales while hiding information from investors.