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.
Here in America, we’re in the digital stone age, at least as far as how widespread the adoption of some cool new technologies are. There’s not universal broadband (which the US Government paid the telcos to implement; instead they built up more DSL because there’s more money to be made on it), wi-fi coverage is intermittent and text message use is a lot less pervasive than in most European countries. In Italy they have tons of teenagers showing up in hospitals with repetive stress injuries directly resulting from punching out reams of text messages.