The House's Ethics Committee has ended its probe of allegations former Countrywide (BAC) CEO...

|About: Bank of America Corporation (BAC)|By:, SA News Editor

The House's Ethics Committee has ended its probe of allegations former Countrywide (BAC) CEO Angelo Mozilo made preferential loans to Congressmen and their staffers through his "Friends of Angelo" program and other initiatives. Though still calling the allegations "serious matters," the committee says they're largely outside of its jurisdiction, due to their age and the current status of the loan recipients.