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.

Lawsuits: Countrywide Ex-CEO To Feel Wrath Of SEC

Lawsuits: Countrywide Ex-CEO To Feel Wrath Of SEC

His extreme orangeness, former CEO and founder of Countrywide Home Loans Angelo Mozilo, is about to be slapped with civil fraud charges, according to the Wall Street Journal.

Apple Will Most Likely Sell Unlocked iPhones In France

Apple Will Most Likely Sell Unlocked iPhones In France

Various sources are saying Apple has agreed to sell unlocked phones in France—because, well, French law says they have to—but our own Gizmodo says it’s only rumor at this point: “Apple told us that the piece was based solely off of reading French Law, not from statements by Orange or Apple.”

Consumers Protest Exorbitant Text Message Prices

Consumers Protest Exorbitant Text Message Prices

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.