Daily Archives: May 10, 2019

Countrywide founder Angelo Mozilo says ‘for some unknown reason, I got blamed’ for subprime crisis


Angelo Mozilo is done being the villain.

Speaking at an exclusive hedge fund conference in Las Vegas this week, the disgraced former head of Countrywide Financial said he doesn’t understand — and doesn’t care to understand — why he is still being held responsible for the 2008 financial meltdown, driven by a collapse in shoddy subprime loans, many of them sold by Countrywide.

Read on.