Angelo’s Ashes
Connie Bruck writes about Angelo Mozilo, the Countrywide C.E.O. who became the face of the subprime-mortgage scandal and the ensuing financial crisis.
Angelo Mozilo's Friends of Angelo loan program wasn't restricted to the elite—it included a chef he liked, a waitress who served him, his tailor, a New York taxi driver, a caddie he'd met on a golf course. The inveterate salesman gave everyone he met the chance for a special mortgage.