|
||
2010-08-28 — denverpost.com
When Cisneros was HUD secretary, he met Angelo Mozilo of Countrywide Financial, who is frequently listed among the causes of America's economic collapse and faces insider trading charges from the Securities and Exchange Commission. "We gave him an award for best practices in fair housing," Cisneros said. After leaving HUD, Cisneros even joined Countrywide's board. He resigned in October 2007, right before the company reported a $1.2 billion loss. He reportedly sold $5 million worth of Countrywide stock and took nearly $360,000 in compensation in 2006. He's been named in shareholder lawsuits but never emerged as a target of federal investigators. source article | permalink | discuss | subscribe by: | RSS | email Comments: Be the first to add a comment add a comment | go to forum thread Note: Comments may take a few minutes to show up on this page. If you go to the forum thread, however, you can see them immediately. |