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On June 4, 2009, the U.S. Faber, David (June 4, 2009). "SEC Prices Ex-Countrywide CEO with Insider Buying and selling". Securities and Alternate Fee charged former CEO Angelo Mozilo with insider buying and selling and securities fraud, and former COO David Sambol and former CFO Eric Sieracki with securities fraud for failing to disclose Countrywide's lax lending requirements in Countrywide's 2006 annual report. It was reported that James Johnson, former CEO of Fannie Mae and an adviser to presidential candidate Barack Obama, had obtained loans under the "Pals of Angelo". The nation has struggled to draw overseas investment for the reason that political turmoil in 2011 and the so-known as Arab Spring, which saw former president Hosni Mubarak overthrown. China's lending and cash supply grew at a faster pace than expected as the country relaxed its credit restrictions. Both lending and cash provide development beat analysts' expectations. That is a better charge of enhance than November's money provide determine, which was up 12.7% on the 12 months before.
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