Angelo Mozilo, Countrywide Financial CEO in 2008 crisis, dies
Angelo Mozilo led Countrywide Financial to be the largest U.S. mortgage lender during the housing boom, then saw it crash in the 2008 financial crisis.
Source: latimes.com
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Angelo Mozilo, Whose Mortgage Giant Fell in Housing Bust, Dies at 84
He built Countrywide Financial into the country’s largest mortgage lender, but its increasingly risky loans helped precipitate the 2008 financial crisis.
Source: nytimes.com
Angelo Mozilo, ex-Countrywide Financial CEO, dies at 84
Time magazine, citing Countrywide’s loosened lending standards and exotic mortgages, named him one of the “25 People to Blame” for the housing crisis.
Source: fortune.com
Angelo Mozilo dead: The CEO was one of the faces of the GFC
In 2008, Time magazine named Angelo Mozilo as one of the “25 People to Blame” for the global financial crisis.
Source: smh.com.au