DoJ Individually Charging Countrywide Execs "Good Start"

The Department of Justice (DoJ) has been harshly criticized for its lack of individual prosecutions in fraud related matters behind the mortgage derivatives products that were at the center of the 2008 crash.

DoJ going after individual mortgage company executives

With financial reform organizations such as Better Markets pushing hard for individual accountability for wrongdoers as a method to generate lasting deterrence comes word today that the Department of Justice (DoJ) is filing suit against individual mortgage company executives.

Bloomberg, citing two unnamed sources, is reporting that Angelo Mozilo, co-founder Countrywide Financial Corp., a mortgage originator based...