BUSINESS
04/03/2009 05:12 am ET Updated May 25, 2011

Former Countrywide Execs Start Firm to Buy Bad Loans

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.

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