Countrywide’s Mozilo Off Hook as U.S. Said to Abandon Suit

Bloomberg, June 17, 2016–Geiger, Keri; Farrell, Greg; Schoenberg, Tom

U.S. prosecutors have abandoned their case against Angelo Mozilo, a pioneer of the risky subprime mortgages that fueled the financial crisis, after a two-year quest to bring a civil suit against him.