Comments on: Counterparties: A billion more reasons for Bank of America to regret acquiring Countrywide http://blogs.reuters.com/felix-salmon/2012/10/24/counterparties-a-billion-more-reasons-for-bank-of-america-to-regret-acquiring-countrywide/ A slice of lime in the soda Thu, 23 May 2013 23:51:59 +0000 hourly 1 http://wordpress.org/?v=3.4.2 By: dbsmith1 http://blogs.reuters.com/felix-salmon/2012/10/24/counterparties-a-billion-more-reasons-for-bank-of-america-to-regret-acquiring-countrywide/comment-page-1/#comment-44165 dbsmith1 Thu, 25 Oct 2012 11:43:39 +0000 http://blogs.reuters.com/felix-salmon/?p=19198#comment-44165 Re: Suit against BOA: I think it's interesting that DOJ can find evidence to support a claim against BOA, the company, but nothing to pursue a claim against any executives. In Obama's Justice Department shareholders always wind up paying for corporate malfeasance but, surprise surprise, no company execs are ever called to account. And to anticipate comments that Mozillo 'paid' for his crimes: Mozillo was fined $67 million of the approx. $250 million he was paid by Countrywide. How is that a punishment? DOJ is claiming $1 BILLION damages for crimes committed on Mozillo's watch. Anyone see any imbalance??? Re: Suit against BOA:

I think it’s interesting that DOJ can find evidence to support a claim against BOA, the company, but nothing to pursue a claim against any executives.

In Obama’s Justice Department shareholders always wind up paying for corporate malfeasance but, surprise surprise, no company execs are ever called to account.

And to anticipate comments that Mozillo ‘paid’ for his crimes: Mozillo was fined $67 million of the approx. $250 million he was paid by Countrywide. How is that a punishment? DOJ is claiming $1 BILLION damages for crimes committed on Mozillo’s watch. Anyone see any imbalance???

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