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U.S. attorneys in Los Angeles are reportedly preparing a civil lawsuit against former Countrywide Financial CEO and co-founder Angelo Mozilo for his alleged role in the subprime boom that led to a financial meltdown. Mozilo continues to be defiant, denying any culpability and saying in a recent deposition that that he had "no regrets" in the way that he managed Countrywide.
Read More »Report: U.S. Attorneys Set Sights on Former Countrywide Exec
