Business and Finance

A top U.S. lawmaker on Friday urged Countrywide Financial Corp chief Angelo Mozilo to donate a portion of his $150 million in recent earnings to nonprofit groups that are trying to help subprime mortgage borrowers.

The request was made by House Financial Services Chairman Barney Frank, who also said in a statement that the proposed $4 billion acquisition of Countrywide by Bank of America could be a “positive development” in the subprime mortgage crisis cash advance usa.

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