'World News' Trumps Up Severity of Former Countrywide CEO Civil Charge

Jeff Poor
June 5th, 2009 10:51 AM
Throughout 2008, Countrywide Financial, now owned by Bank of America (NYSE:BAC), was attacked as being culpable for the financial crisis. Adam Lashinsky of Fortune magazine, in an appearance on Fox News Channel's "Cavuto on Business" June 21, 2008, predicted the attacks "won't stop until they do a perp walk with Angelo Mozilo - the CEO of Countrywide." A year later, a report on ABC's June 4 "…