
Former Countrywide CEO Angelo Mozilo is regarded by many as one of the villains of the financial crisis, as his company was the top mortgage lender at the height of the bubble that nearly brought down the U.S. economy.
Mozilo does not share that opinion. In an interview with The Wall Street Journal’s Christina Rexrode, Mozilo said it was the liquidity crunch that was to blame, and “not subprime mortgages, not Countrywide, not Angelo Mozilo.”
His defensiveness was on display throughout the story.
“Based upon my 10-year punishment by politicians and the media, I don’t trust them.”
Mozilo’s Countrywide was purchased by Bank of America in 2008, in a deal that is the main reason the bank has been fined $76 billion by federal and state authorities.