"Countrywide Financial Corp. and its chief executive, Angelo Mozilo, were sued today by California Atty. Gen. Jerry Brown, who accused them of forcing thousands of Californians into foreclosure by deceptively marketing risky adjustable-rate mortgages to borrowers who didn't understand that their monthly payments would one day 'explode.'" California joins Illinois (expected to file a suit today) in taking legal action against the mortgage lender. [LA Times]
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