Financial Crimes Not Prosecuted - Mozilo Walks

If someone forges a check they are arrested criminally.  When financiers steal, they get a fine with no criminal indictment.  We have two tiers of justice in America: the working class; the elite.

Mozilo, part of the elite financiers who financially raped and pillaged, is not criminally prosecuted.

Case on Mortgage Official Is Said to Be Dropped

Federal prosecutors in Los Angeles have dropped their criminal investigation into Angelo R. Mozilo, the former chief executive of Countrywide Financial, once the nation’s largest mortgage lender, according to a person with direct knowledge of the investigation. 

 

...

 

Without admitting or denying wrongdoing, Mr. Mozilo agreed to be banned from serving as an officer or a director of a public company.

The conclusion by prosecutors that Mr. Mozilo, 72, did not engage in criminal conduct while directing Countrywide will likely fuel broad concerns that few high-level executives of financial companies are being held accountable for the actions that led to the financial crisis of 2008.