Now, Fraud Charges Against Countrywide

Friday, June 05, 2009

Countrywide was once the nation’s largest sub-prime mortgage lender. But yesterday, its former CEO, Angelo Mozilo, was charged with fraud by the Securities and Exchange Commission. The SEC says Mozilo misrepresented Countrywide's shaky business practices to its investors. Joining The Takeaway this morning to go over the details is Tami Luhby, a Senior Writer at CNNMoney.com.

Guests:

Tami Luhby

Hosted by:

Andrea Bernstein and Todd Zwillich

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