Write-Offs: 06.05.09

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$$$ "Fans of scapegoating can applaud the SEC's assault on Angelo Mozilo, the former CEO of Countrywide Funding. My guess is that Mozilo, like many mortgage industry executives, was conflicted during the late stages of the housing bubble. On the one hand, they knew that lowering lending standards was imprudent. On the other hand, the loans were performing too well to justify reversing course." [The Atlantic]
$$$ Happy Birthdays Pete Peterson and Suze Orman [Cityfile]
$$$IMF: "Where Does The Public Sector End And The Private Sector Begin?" [ZH]
$$$AIG Said to Pick Onex Group as Preferred ILFC Bidder [Bloomberg]
$$$Job of the Week: Morgan Stanley needs an executive director. That could be you! [DB Career Center]

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