Sunday, August 24, 2014

Missing Info on Countrywide Mortgage Directors

The NYT published an article indicating that Justice is mulling about taking Angelo Mozila, the ex-CEO of Countrywide Mortgage, to court over something.  As you recall, the collapse of Countrywide was a major contributor to the Great Recession.

They also mentioned four former members of the Board of Directors of the company, but missed a couple of interesting details.

Take Kathleen Brown.  The NYT item says that she is currently on a couple of other Boards.  What they do NOT mention is that Ms. Brown was a Goldman, Sachs exec, apparently at the same time she was a Director at Countrywide.

Or Henry Cisneros.  The NYT description tells us he's now on the Board of some hotel company.  It does NOT tell us that Cisneros was a Clinton cabinet member.  Sec'y, HUD, as a matter of fact.

Curious that the NYT would miss these connections, eh?


Anonymous said...

Isn't that Countrywide, not Countryside?

Dad29 said...

Yup. *Blush* Fixed.