Four years after the National Broadband Plan, communities and carriers are deploying next-gen infrastructure that will bring gigabit speed Internet to homes, universities, and businesses.
With the “irrational exuberance” of the early Internet…
Today’s Pearls before Swine comic is perfect. Check it out in your Sunday newspaper.
The Feds Are Finally Going After One Of The Most Infamous Executives Of The Financial Crisis
Countrywide Financial Corporation founder and CEO Angelo Mozilo is sworn in to testify before the House Committee on Oversight and Government Reform on Capitol Hill in Washington March 7, 2008.
The Feds are planning on suing former Countrywide CEO, Angelo Mozilo, according to Bloomberg.
Mortgage insurer Countrywide became a focus of the financial crisis as regualtors, bankers, and politicians alike were shocked by the number of toxic assets on its balance sheets and the measures the company took to hide them.
Until now, Bank of America has paid the most of the price for this. The bank bought Countrywide in 2008 — pretty much the year everything went to hell — while Mozilo retired with the $535 million from 1999 to 2008 (and then some).
To this day Mozilo has gotten off relatively scott-free, aside from the $67.5 million fine he paid the SEC for misleading investors about Countrywide’s assets.
And what is that even, really?