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james johnson

Senators Caught in Mortgage Fallout

by Moe Bedard

When Senator Kent Conrad of North Dakota wanted a mortgage for his beach house, he turned to a Washington insider. James A. Johnson, former head of Fannie Mae, the government mortgage giant, who then put the senator in touch with Angelo Mozilo, chief executive of the mortgage lender Countrywide Financial.

The ensuing telephone call between Mr. [...]

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Angelo and the Countrywide Gang – Their Rules in Their World?

by Moe Bedard

Countrywide just can’t seem to get a PR break. Some of my readers think it is my personal vendetta to think, write, and live on this blog to make their life a living PR hell.
The funny part is that they don’t need any help in that area. They created their own rules, in their own world, and now [...]

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