Friday, June 17, 2016

Stephen Gandel — Mortgage Exec At the Heart of Financial Crisis Escapes Charges


Mozilo walks with only a hefty fine, not all of which he paid himself.

Fortune
Mortgage Exec At the Heart of Financial Crisis Escapes Charges
Stephen Gandel, senior editor

4 comments:

Ryan Harris said...

Was he a robin hood, or a scoundrel? He took money from the rich, gave it to the poor and enabled them to keep consuming even though politicians stopped supporting wage growth and equality. Law enforcement, of course just sees a criminal, I see a hero under there.

MRW said...

Ryan,

Listen to this and then tell me you see him as a hero. [Btw, this interview is entertaining. You won’t be bored. I suggest cranking it up while cleaning out the car, the garage, or any Honey-Do project, if you’re married.]
http://harryshearer.com/le-shows/may-1/?tag=bill%20black

MRW said...

He took money from the rich, gave it to the poor and enabled them to keep consuming even though politicians stopped supporting wage growth and equality.

Fantasy.

John said...

I like Mozilo, enough to be gracious enough to strap him into his beloved sunbed instead of an electric chair and fry him for about the length of a typical mortgage, twenty-five years. It'd be a fitting sentence.