Option One losses topple H&R Block chief

The troubles at Irvine-based subprime lender Option One have led to the ouster of parent company H&R Block's CEO. Here's a clip from Bloomberg News' story: H&R Block Inc., the biggest U.S. tax preparer, replaced Chairman and Chief Executive Officer Mark Ernst after $1 billion of losses tied to the collapse of the subprime mortgage market. Richard Breeden, [...]