Mozilo's Head on a Pike
Investors should be screaming for it. This lousy, double-talking, cowardly CEO dumped his last load of shares at more than 2x the buyout price he arranged from Bank of America. This is one of the most amazing loot 'n' run jobs I've ever seen. I hope he pays the price, but I doubt it. Those who swindle with the pen rarely get in trouble.
I think a decent SEC investigator should be able to make a clear insider-trading case here, STARS plan be damned. This guy knew exactly where his trainwreck was headed, and he modified his plans to get him out before the worst.