The SEC charged Countrywide Chief Executive Angelo Mozilo with securities fraud. He is accused of "selling his Countrywide stock for nearly $140 million in profits while knowing that Countrywide's business model was deteriorating."
Mark Frauenfelder is the founder of Boing Boing and the editor-in-chief of MAKE and Cool Tools. Twitter: @frauenfelder. His new book is Maker Dad: Lunch Box Guitars, Antigravity Jars, and 22 Other Incredibly Cool Father-Daughter DIY Projects