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Economy
Related: About this forumAngelo Mozilo Speaks: No Regrets at Countrywide
By Max Abelson Sep 2, 2014Angelo 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. Attorneys 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.
Youll 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 firms downfall. Countrywide didnt change. I didnt 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
littlemissmartypants
(22,417 posts)1. Can you say...
Antisocial personality disorder?
What a tool.
mbperrin
(7,672 posts)4. Amazing, isn't it?
In a sane country, he wouldn't be allowed to walk the street.
Crewleader
(17,005 posts)5. hello littlemissmartypants
You live up to your name my friend with a good sense of humor to boot!
littlemissmartypants
(22,417 posts)8. I'm glad you get me. Thanks! nt
PoliticAverse
(26,366 posts)2. Reced for the hubris... n/t
Sopkoviak
(357 posts)3. #1 on Time's list of who deserves the blame for the meltdown
Crewleader
(17,005 posts)6. Thanks for the list Sopkoviak
eridani
(51,907 posts)7. Why are there no tumbrils and guillotines when we really need them? n/t