Countrywide CEO Mozilo settles with SEC for $67.5M

Extra! Extra! Read all about it...

http://finance.yahoo.com/news/Countrywide-CEO-Mozilo-apf-1381976931.html?x=0&sec=topStories&pos=main&asset=&ccode=

Let me summarize: "The civil complaint... accused Mozilo of acting on his inside knowledge of the company's precarious state when he sold shares between November 2006 and October 2007 ahead of its collapse, reaping more than $139 million" - He then settles with the SEC for $67.5 MM ----- FOR A NET PROFIT OF... $71.5 Million ----

So, everyone who is reading this - Because this sets the precedent - Go ahead and rob your local bank... When you are in court, go ahead and tell them that you will settle with them and pay them a little less than half of what you stole, as long as you can be let free and not admit guilt... wait wait... don't do that - You're stealing 10's of thousands of dollars. Not millions... If it were millions - you'd be okay - DO NOT ROB FROM BANKS - Rob from investors instead!!