Posts Tagged ‘Countrywide’
Mozilo’s method
Connie Bruck’s profile of Angelo Mozilo in The New Yorker this week gets the story just right:
Mozilo is hardly a scapegoat, but his misdeeds, as real as they are, have overshadowed those of CEOs at other failed institutions, like Bear Stearns, Merrill Lynch, and Lehman Brothers, all heavy players in high-risk subprime loans.
Bruck digs under the portrait of the villain who’s the subject of a hundred lawsuits and an SEC criminal investigation to find a man of outrageous ambitions who didn’t have the courage to hold back, or stop peddling toxic products, even when he knew that the real estate and credit bubbles were due to explode. Essential reading.
How the homes we live in turned into the monsters that ate our economy and the United States became a nation obsessed with real estate.
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Organizations that matter
- Affordable Housing Centers of America
- Arthur L. Carter Journalism Institute
- Brookings Metropolitan Policy Program
- Center for Budget and Policy Priorities
- Center for Responsible Lending
- Demos
- Drum Major Institute
- Joint Center for Housing Studies
- Lincoln Institute of Land Policy
- National Consumer Law Center
- National Housing Institute
- National Housing Trust
- National Low Income Housing Coalition
- National Training and Information Center
- Natn’l Community Reinvestment Coalition
- NEDAP
- New America Foundation
- PolicyLink
- Pratt Center for Community Development
- Revson Fellowship
- Smart Growth America
What Alyssa reads
- Baseline Scenario
- Ben Smith
- Bloomberg News
- Calculated Risk
- City Limits
- Consumer Law and Policy Blog
- Doug Henwood
- Felix Salmon
- Galleycat
- Housing Wire
- Mother Jones
- Next American City
- Paul Krugman
- PolicyCents
- Ryan Avent
- Shelterforce
- Street Level
- Talking Points Memo
- The Audit
- The Balance Sheet
- The Big Picture
Tags
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