Lay off my brother: Mozilo’s sister blogs in his defense

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No sooner had I taken another shot at Countrywide Financial than I saw this -- a defense of former Countrywide CEO Angelo Mozilo on the Huffington Post, written by his sister, Lori.

The full title Lori Mozilo’s post is ‘Vilified: What you don’t know about my brother, Angelo Mozilo.’

The gist is: My brother was in the mortgage business to help hard-working, middle-class people get loans to buy houses, and he’s not a crook, and shame on Congress for treating him like one.

The newsiest part, to my eyes anyway, was her description of the ‘Friends of Angelo’ program. She writes that the program was real and hardly scandalous: ‘Will all FOA’s please stand up? They will include: strangers, Senators, neighbors, cab drivers, doormen, nannies, even a sister or two. FOA was the name given to Angelo’s personal pipeline of loans because he didn’t work out of a branch office. And yes, he did give deals. Not illegal, shady deals, just plain old American, good deals. ... I know, it’s not sinister or interesting, but it’s the truth.’

Posted by Peter Viles
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