Huffpost Business

Former Countrywide Execs Start Firm to Buy Bad Loans

Posted: Updated:

CALABASAS, Calif. -- Whether they deserve to be or not, Countrywide Financial and its top executives would be on most lists of those who share blame for the nation's economic crisis. After all, the banking behemoth made risky loans to tens of thousands of Americans, helping set off a chain of events that has the economy staggering.

So it may come as a surprise that a dozen top Countrywide executives now stand to make millions from the home mortgage mess.

Read the whole story at New York Times

Around the Web

BofA dumps Countrywide exec - Daily Briefing

Ex-Countrywide execs form firm to invest in mortgages: Journal ...

Ex-Countrywide execs get probation terms for insider trading ...

Ex-Countrywide chiefs back in business – buying distressed loans ...

SEC: Countrywide execs to get millions in stock -