California joins Illinois in suing Countrywide

California Attorney General Jerry Brown echoed the sentiments of his Illinois counter-part, citing lending practices that encouraged risky borrowing behavior as the key reason for filing a civil suit against Countrywide today in California court. The lawsuit also names Angelo Mozilo and President Dave Sambol in the suit. I imagine that this will go down very much like Ameriquest did at the beginning of the subprime boom.  The states will have a hard time proving wrongdoing, but they'll amass enough questionable evidence to suggest to Bank of America that they quickly resolve the matter to protect them from further investigations and law suits in their respective states. Bank of America will settle with the states for the Countrywide misgivings by announcing some record-breaking dollar