Dubroff: Mozilo is in denial, government grabs for cash and we pay the bill
An unrepentant Angelo Mozilo remains a key figure at the center of the housing collapse and financial crisis. Interviewed by Bloomberg News from his home in Montecito in early September, the former Countrywide Financial Corp. Chairman said he had no regrets about the wild ride that transformed the Calabasas firm from a small mortgage company Read More →
Read More →After seven years, the financial crisis quietly ends for area banks
“Even the pessimists were thinking three years,” Community West CEO Marty Plourd told me. “No one expected the low-interest-rate environment to last this long,”
Read More →Op/ed: Bank of America should own up to its part in the mortgage mess
By Steven Mintz on August 23, 2013 The crackdown on financial institutions whose disgraceful actions in the subprime mortgage mess triggered the 2008 financial crisis have finally hit Bank of America. On Aug. 6, the Department of Justice and the U.S. Securities and Exchange Commission sued BofA for alleged securities fraud. The DOJ and SEC Read More →
Read More →
Meltdown memories from 1987
Every market crash is different. But every market crash has echoes of past disasters.
Read More →
Sponsored content:
2015-2016 Giving Guide
