U.S. Abandons Case Against Countrywide's Mozilo

The video discusses Angelo Mozilo's involvement in the financial crisis through Countrywide, a major subprime lender. It covers the legal scrutiny he faced, including a potential lawsuit by the US government under the Firea statute, which was eventually dropped. The video also touches on Mozilo's life post-crisis, including his retirement and book writing. It concludes with the implications for future legal actions and the challenges in prosecuting individuals for corporate crimes.

What has been the response of the Department of Justice regarding corporate crime?

What is the significance of the civil lawsuit that was being prepared against Mozilo?