New Bill Would Strengthen Lawmakers’ Mortgage Disclosures

The timing here isn’t coincidental, nor are the players.

Sens. Barbara Boxer (D-Calif.) and Johnny Isakson (R-Ga.), who head the Senate Ethics Committee, introduced legislation Thursday to force lawmakers to disclose the “full and complete” details of their mortgage arrangements — including dates, rates, the range of the amount and More…

The Continuing Fall of Countrywide’s Angelo Mozilo

Staff at the Securities and Exchange Commission are recommending that civil securities fraud charges be filed against Angelo Mozilo, the once high-flying head of subprime lender Countywide Financial. The news was first reported by The Wall Street Journal, which explained that Mozilo has been sent a Wells notice,  a More…