Thanks to one of my readers comments, I re-looked at Gretchen Morgenson’s book, “Reckless Endangerment”. She devotes at least 30 pages to the rise and influence of Angelo Mozillo, a financial entrepreneur, who became the CEO of Countrywide Financial in 2003. Countrywide was sold to Bank of America during the Financial Meltdown.
To review the interactions between Countrywide, Washington and Wall Street , I refer the Reader to Gretchen’s book, now in paperback: see pages 11, 54-56,60,92,147, 181-200, 203, 206, 310-311 for her reference to Angelo Mozilo.
In my view, “Reckless Endangerment”, is a must read for an understanding of the Financial Meltdown. It will be a “tough” read, but well worth the education! We have a voice and a choice, when Politics effects US!