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About $500 million. Not counting clubs, his planes, cars, houses, etc, etc. he was fined by the SEC for $65 million and barred from ever being a CEO of a publi
by crag 15y ago
About $500 million. Not counting clubs, his planes, cars, houses, etc, etc.
he was fined by the SEC for $65 million and barred from ever being a CEO of a public company.
He is not in jail. Also Countrywide is on the hook for 15 of that 65 million fine. That was part of his agreement with the company. And he didn't have to admit "wrong doing".
The criminal case against him has been dropped. Again, he's not in jail.
And no, no one is in jail AFAIK.
- lawnchair_larry 15y agoOver drinks at a bar on a dreary, snowy night in Washington this past month, a former Senate investigator laughed as he polished off his beer. "Everything's fucked up, and nobody goes to jail," he said. "That's your whole story right there. Hell, you don't even have to write the rest of it. Just write that." http://www.rollingstone.com/politics/news/why-isnt-wall-street-in-jail-20110216 http://www.rollingstone.com/politics/news/why-isnt-wall-stre...
- crag 15y agoThat was a great read. Thanks for the link.