Countrywide founder Angelo Mozilo says ‘for some unknown reason, I got blamed’ for subprime crisis
May 09, 2019 at 17:05 PM EDT
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.