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Countrywide Loses Michael Winston’s Whistle-Blower Suit

New York Times Original article ›

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LyrArc Article Gist
The experience of Michael Winston, a former executive of Countrywide Financial. Winston acted as a whistleblower at Countrywide warning of the actions that led to crazy lending at the peak of the subprime mortgage boom. He was fired when Bank of America acquired Countrywide. He recently won a lawsuit for wrongful temination, the jury awarding him $3.8 million in damages.

Countrywide, its founder Angelo Mozilo, and Bank of America

01/05/2009

Countrywide is now a unit of Bank of America. Countrywide became known for questionable practices in the mortgage lending business. Countrywide turns out to be a failed and dangerous acquisition for Bank of America.

Grouped Articles

BofA's Blunder: $40 Billion-Plus

Wall Street Journal 06/29/2012

A Toxic Subprime Mortgage Bond's Legacy Lives On

Wall Street Journal 09/13/2013

Court Weighs Penalty in Bank of America 'Hustle' Case

Wall Street Journal 12/06/2013

Angelo Mozilo of Countrywide Settles Fraud Case for $67.5 Million

New York Times 10/15/2010

Bank of America to Pay $6.3 Billion To Settle Mortgage Securities Suit

New York Times 03/26/2014

BofA Deal With U.S. Is Hung Up Over Penalties Tied to Countrywide, Merrill

Wall Street Journal 07/29/2014


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