Angelo Mozilo

From Recessipedia

Former CEO of Countrywide Bank, the leading mortgage originator that was integral in the subprime crisis. Mozilo has been vilified as the poster-boy ^{[1] [2]} of the mortgage meltdown. In 2007, his compensation exceeded $100 Million in a year when the company he managed lost over $700 Million and the company stock fell 79%. ^[3] Mozilo has also generated controversy in Washington for his preferrential loan and mortgage arrangements with prominent politicians, like Christopher Dodd and Kent Conrad amongst others, in a program known as "Friends of Angelo" ^[4]

Notes

1. ↑ Norris, Floyd, "In This Mess, Finger Pointing Is In Style" New York Times (July 27 2007): http://select.nytimes.com/2007/07/27/business/27norris.html?scp=4&sq=in%20this%20mess&st=cse
2. ↑ Reckard, E. Scott, "Countrywide's Mozilo exits stage a fallen hero" Los Angeles Times (July 1 2008): http://articles.latimes.com/2008/jul/01/business/fi-mozilo1
3. ↑ Reuteurs News Service, "A Losing Year at Countrywide, but Not for Chief" New York Times (April 25 2008): http://dealbook.blogs.nytimes.com/2008/04/25/a-losing-year-at-countrywide-but-not-for-chief/
4. ↑ Golden, Daniel, "Countrywide's Many 'Friends'" Portfolio.com (June 12 2008): http://www.portfolio.com/news-markets/top-5/2008/06/12/Countrywide-Loan-Scandal/