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Crewleader

(17,005 posts)
Tue Sep 2, 2014, 05:16 PM Sep 2014

Angelo Mozilo Speaks: No Regrets at Countrywide

By Max Abelson Sep 2, 2014

Angelo Mozilo cannot believe it.

Six years after he lost control of the largest mortgage lender in the U.S., and days after news that the U.S. Attorney’s Office in Los Angeles plans to sue him, the Countrywide Financial Corp. founder is baffled by a new effort to punish him, proud of past triumphs and incensed by criticism.

“You’ll have to ask those people, ‘What do you have against Mozilo, what did he do?’” he said in a 30-minute call with Bloomberg News before Labor Day, one of his few interviews since the firm’s downfall. “Countrywide didn’t change. I didn’t change. The world changed.”

Interviews with Mozilo, 75, and three friends show what retirement looks like for a chief executive officer linked to the worst financial crisis since the Great Depression. Remaining out of public view like Lehman Brothers Holdings Inc.’s Richard Fuld or Jimmy Cayne of Bear Stearns Cos., Mozilo has submitted plans for Old West-style offices in California, taught students in Italy about finance, invested in a building in the Arizona desert that houses a Taco Bell and written about his life so that his grandchildren will “know the truth.”

http://www.bloomberg.com/news/2014-09-02/angelo-mozilo-speaks-no-villainy-at-countrywide.html
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Angelo Mozilo Speaks: No Regrets at Countrywide (Original Post) Crewleader Sep 2014 OP
Can you say... littlemissmartypants Sep 2014 #1
Amazing, isn't it? mbperrin Sep 2014 #4
hello littlemissmartypants Crewleader Sep 2014 #5
I'm glad you get me. Thanks! nt littlemissmartypants Sep 2014 #8
Reced for the hubris... n/t PoliticAverse Sep 2014 #2
#1 on Time's list of who deserves the blame for the meltdown Sopkoviak Sep 2014 #3
Thanks for the list Sopkoviak Crewleader Sep 2014 #6
Why are there no tumbrils and guillotines when we really need them? n/t eridani Sep 2014 #7
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