iOS app Android app

Angelo Mozilo

America's On-going Housing Crisis and the Politics of the Young

David Coates | Posted 02.26.2017 | Politics
David Coates

The legacy of the housing crisis remains firmly in place - largely undiscussed but still potent, hidden deep beneath the surface of contemporary politics. It is a legacy that falls most heavily on the young. Five features of that legacy are particularly relevant now.

Financial Crisis Villain Unclear Why Everybody's So Mad At Him

The Huffington Post | Mark Gongloff | Posted 09.02.2014 | Business

Angelo Mozilo, the former CEO of Countrywide Financial, wants everybody to stop being so mad at Angelo Mozilo. Mozilo recently took a break from go...

Plutocrats Despising the Poor: An American Tradition

Joseph A. Palermo | Posted 04.16.2014 | Politics
Joseph A. Palermo

It's amazing how these people can whine in public about how they're being mistreated by people who change the sheets at the luxury hotels they stay in. But if you spend your life surrounded with sycophants who constantly tell you how brilliant you are it's possible to exist inside a bubble inside a bubble inside a bubble.

Why Don't Corporate Executives Face Jail?

Diane Dimond | Posted 03.18.2014 | Crime
Diane Dimond

Look, I don't know much about high finance but let's review some facts about what JPMorgan did -- and didn't do -- after it had reason to believe Madoff was a con-man of mammoth proportions.

Sherry Hernandez: Stuck in the Revolving Door

Joel Sucher | Posted 10.14.2013 | Business
Joel Sucher

Sherry's story follows an all too familiar trajectory and one that any homeowner who's had the misfortune of dealing with nobody's-favorite-mortgage-company, Countrywide Financial, can relate to.

Mozilo: 'I Have No Regrets'

The Huffington Post | Mark Gongloff | Posted 12.13.2012 | Business

Angelo Mozilo is the smartest man in the world. The Salmon-American hero of the housing boom that sadly ended for no apparent reason a few years ag...

Ben Hallman

Subprime Bankers Have Much To Be Thankful For | Ben Hallman | Posted 11.21.2012 | Business

Even in the movie version of the financial crisis, the giant mortgage company accused by the U.S. government of rampant fraud and abuse wouldn't be so...

From a Democracy to a Plutocracy: Why This Democrat Despises Barack Obama

Eric Zuesse | Posted 11.19.2012 | Politics
Eric Zuesse

Unlike Mitt Romney and his plutocratic financial backers, Barack Obama does this sort of thing only because he respects plutocrats, not because he is one. He won't gain financially by turning this nation into a banana republic.

Will R-I-C-O Spell 'Relief' for BofA Mortgage Borrowers?

Joel Sucher | Posted 12.16.2012 | Business
Joel Sucher

Down the line, many hope that what Occupy has failed to accomplish, hard-nosed prosecutors might be able to provide: a measure of justice for the millions of aggrieved homeowners either forced out in foreclosure.

'Get Up Every Day And Beat Your Head Against The Wall'

Reuters | Posted 09.11.2012 | Business

By Rick Rothacker July 12 (Reuters) - For nearly three years, as Kyle Lagow struggled to find work and his finances crumbled, he kept ...

Greg Rosalsky

Key House Republican Under Fire For Countrywide Loan | Greg Rosalsky | Posted 07.10.2012 | Politics

WASHINGTON -- The Democratic challenger to Rep. Howard "Buck" McKeon (R-Calif.) said Monday that the high-ranking House member should "pay back" the s...

Remind Me, Why Is Angelo Mozilo a Free Man?

Sarah Anderson | Posted 09.08.2012 | Business
Sarah Anderson

Steal a Snickers bar from the 7-11 and you could face jail time. Angelo Mozilo took a half billion dollars in compensation for loans that blew up our economy. And so far, he's gotten off virtually scott free.

Why Jamie Dimon Just Doesn't Get It

Robert Greenwald | Posted 02.20.2012 | Politics
Robert Greenwald

Jamie Dimon, the infamous CEO of JPMorgan Chase, is back to doing what he does best: defending the bankers of the 1% against the petulant 99%.

Countrywide Covered Up Massive Fraud, Former Employees Say

iWatch News | Posted 11.22.2011 | Business

In the summer of 2007, a team of corporate investigators sifted through mounds of paper pulled from shred bins at Countrywide Financial Corp. mortgage...

The Return of the Debtor's Prison

Bryce Covert | Posted 05.30.2011 | Business
Bryce Covert

As the debt-collection industry buys up bad debt and then seeks payment, it's started relying on arrest warrants to get its way, throwing those who miss court appearances or don't pay in jail.

Should Homeowners Be Jailed For Taking Out Bad Loans?

Posted 05.28.2011 | Business

To date, not a single mortgage lender has been sent to prison for their role in the financial crisis. At least one borrower hasn't been so lucky. C...

Making the Case Against Mortgage Banksters, Part Two: Financing Prosecution

Nicholas Carroll | Posted 05.25.2011 | Business
Nicholas Carroll

The Federal government has now let former Countrywide CEO Angelo Mozilo go scot-free, paying less than 10% of his assets in fines, with no admission o...

Executives Behind Financial Crisis Face Little Risk Of Being Caught

The New York Times | JOE NOCERA | Posted 05.25.2011 | Business

So much for Angelo Mozilo taking the fall for the financial crisis. Late last week, word leaked out that Mr. Mozilo, who had co-founded Countrywide F...

FBI Nabs Countrywide's Mozilo for Overtanning

Jack Hidary | Posted 05.25.2011 | Comedy
Jack Hidary

The FBI announced last week that it failed to come up with financial charges against Angelo Mozilo, the notorious former head of Countrywide Financia...

How A Countrywide Executive Took On The Company

New York Times | Posted 05.25.2011 | Business


No Criminal Charges For Countrywide Former CEO

Bloomberg Businessweek | Posted 05.25.2011 | Business


BofA Hit With Subpoena Over Mortgage Documents

Posted 05.25.2011 | Business

The head of the U.S. House of Representatives oversight committee issued a subpoena on Wednesday to Bank of America for information about mortgage len...

Manicurist Hit With Corruption Charges -- Know What I'm Sayin'?

Bill Singer | Posted 05.25.2011 | Business
Bill Singer

You ever wonder where so many popular but annoying sayings come from? How do these things even get started? You know? So, like, you know, just sayin',...

D-Day in the Class War

Joseph A. Palermo | Posted 05.25.2011 | Politics
Joseph A. Palermo

Both "bipartisan" bodies claim that "tough decisions" must be made. Yet their policies are only really tough if you happen to belong to America's struggling working middle class.

The Mozilo Method: Rob, Get Caught, Cut Deal, Die Rich

Jonathan Tasini | Posted 05.25.2011 | Politics
Jonathan Tasini

We are missing part of the anger that I think cuts across the political spectrum--and it goes right to the question: why is Angelo Mozilo not going to...