Final Note

Angelo Mozilo really doesn’t get it

Kai Ryssdal Sep 2, 2014
HTML EMBED:
COPY
Final Note

Angelo Mozilo really doesn’t get it

Kai Ryssdal Sep 2, 2014
HTML EMBED:
COPY

Here’s an object lesson in why we still have to do stories about the financial crisis, almost six years after the collapse of Lehman Brothers:

Bloomberg conducted an interview with Angelo Mozilo, the former chairman of the board and CEO of Countrywide Financial, the biggest of the subprime lenders, and one of the leading men linked to the greatest economic crisis since the Great Recession.

He’s kept a relatively low profile since the beginning of the crisis, but, because of a civil lawsuit pending against his name, took the interview in order to express his confusion as to why he and his firm have been seen as villains.

“No, no, no, we didn’t do anything wrong,” he said.

Marketplace is on a mission.

We believe Main Street matters as much as Wall Street, economic news is made relevant and real through human stories, and a touch of humor helps enliven topics you might typically find…well, dull.

Through the signature style that only Marketplace can deliver, we’re on a mission to raise the economic intelligence of the country—but we don’t do it alone. We count on listeners and readers like you to keep this public service free and accessible to all. Will you become a partner in our mission today?

Your donation is critical to the future of public service journalism. Support our work today – for as little as $5 – and help us keep making people smarter.