Feb 1, 2008

Timothy Egan on Angelo Mozilo "touting the great American housing miracle"

You may have seen Mozilo with Jim Cramer or Maria Bartiromo on television, touting the great American housing miracle. It was all good, all up, up, up. Flip and roll. No man with without a mortgage. Mozilo said every American who wanted to buy a home should be able to do so, and Countrywide made it nearly as easy to get a mortgage as ordering fries at the takeout window.

~ Timothy Egan, "The Pools of Riverside County," The New York Times, February 1, 2008

No comments: