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An unrepentant Angelo Mozilo remains a key figure at the center of the housing collapse and financial crisis. Interviewed by Bloomberg News from his home in Montecito in early September, the former Countrywide Financial Corp. Chairman said he had no regrets about the wild ride that transformed the Calabasas firm from a small mortgage company Read More →
“Even the pessimists were thinking three years,” Community West CEO Marty Plourd told me. “No one expected the low-interest-rate environment to last this long,”
By Steven Mintz on August 23, 2013 The crackdown on financial institutions whose disgraceful actions in the subprime mortgage mess triggered the 2008 financial crisis have finally hit Bank of America. On Aug. 6, the Department of Justice and the U.S. Securities and Exchange Commission sued BofA for alleged securities fraud. The DOJ and SEC Read More →
Every market crash is different. But every market crash has echoes of past disasters.
A new venture led by a former top executive of Countrywide Financial Corp. is moving to Moorpark.